VIRGINIA BEACH, Va.,
Feb. 2, 2017 /PRNewswire-USNewswire/
-- LifeNet Health, a leading, non-profit regenerative medicine
company, has completed an all-equity acquisition of Austrian tissue
bank AlloTiss Gemeinnützige Gewebebank GmbH.
Founded in 2014, AlloTiss is a trusted member of the biomedical
community, with partnerships throughout the European Union. The
acquisition enables LifeNet Health to establish a European
headquarters that will serve as a training and distribution center
to support the growing use of allografts in Europe. This facility, which is planned to
open in summer 2017, will be located in Vienna, Austria, and will leverage AlloTiss's
existing logistical infrastructure. Initially, approximately five
employees will be based in the 7,000-square-foot space.
The move represents a natural extension of LifeNet Health's
mission of saving lives, restoring health and giving hope through
the gift of organ and tissue donation. In addition to training, the
Vienna location will streamline
the process of providing grafts to clinicians throughout the
United Kingdom and the European
Union, allowing for enhanced customer service.
"LifeNet Health's innovations have enhanced allograft safety and
efficacy around the world," said LifeNet Health President and CEO
Rony Thomas. "Establishing a
European center of excellence will expand that effort by providing
physician education and facilitating the introduction of advanced
technologies in Europe."
LifeNet Health grafts are distributed in more than 25 countries
on five continents, but this marks its first investment in a
facility dedicated exclusively to serving the European clinical
community.
About LifeNet Health
LifeNet Health helps save lives,
restore health, and give hope to thousands each year. It is the
world's most trusted provider of transplant solutions — from organ
procurement to bio-implants and cellular therapies — and a leader
in regenerative medicine, while always honoring the donors and
healthcare professionals who enable healing. For more information
about LifeNet Health, go to www.LifeNetHealth.org.
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SOURCE LifeNet Health