Bloodbuy, a Dallas, Texas-based healthcare information technology company, raised $3.75M in funding.
Backers included Premier Supply Chain Improvement, Inc., an affiliate of Premier, Inc. (NASDAQ: PINC), and St. Joseph Health. In conjunction with the funding, Durral Gilbert, President of Premier Supply Chain Improvement, and Nita Stith, Vice President of Finance and Supply Chain Strategy at St. Joseph Health, joined Bloodbuy’s Board of Directors.
The company intends to use the funds to continue the expansion of its integrated network of hospitals and blood centers, grow its team, and add new technology offerings.
Led by Christopher Godfrey, founder and CEO, Bloodbuy operates a cloud-based platform connecting hospitals and blood centers nationwide. The solution, which is currently deployed at integrated delivery networks (IDNs) and blood centers across the country, uses a series of proprietary algorithms designed to address the uneven geographic distribution of available blood supply, in real-time, enables the optimization of the supply chain relationships between blood suppliers and the hospitals they serve and automates the redistribution of lifesaving blood products throughout the U.S..
In addition to the funding, the company announced a strategic relationship with Premier to offer Bloodbuy’s technology solutions to Premier’s membership, which is comprised of approximately 3,600 U.S. hospitals and 120,000 other healthcare providers.