Americord Backs Up Its Cord Blood Services With First Ever $90,000 Guarantee

NEW YORK, March 24, 2014 /PRNewswire/ -- Today, less than two years after Americord implemented the highest ever quality guarantee in the cord blood banking industry at $80,000, the company has announced that it is increasing its guarantee to $90,000.

Like other leading cord blood banks, Americord offers a quality guarantee to provide financial assistance to clients in the event that the stem cells they have banked are needed, but, upon medical use, fail to "engraft". The guarantee can be used to defray the cost of the procurement of an alternative source of stem cells if medically indicated.

Commenting on Americord's increased quality guarantee, which remains the highest in the industry, Americord CEO Martin Smithmyer said, "We are dedicated to delivering the highest quality stem cell collection and storage services at the lowest cost, and Americord's $90,000 guarantee is an important part of the value we offer clients."

Two of the highest profile cord blood banks, ViaCord and CBR, offer significantly lower quality guarantees ($25,000 and $50,000 respectively), even though the fees they charge for banking cord blood stem cells are significantly higher than what Americord charges.

Americord offers cord blood banking for approximately 50% less than its competitors, and Americord's price includes the cost of a medical courier as well as 20 years of storage in their state-of-the-art CLIA Certified, AABB accredited laboratory. The company adheres to the most rigorous professional standards in the collection and storage of stem cells.

About Americord Registry

Americord Registry is a leader in the advancement of umbilical cord blood, cord tissue and placenta tissue banking.Americord collects, processes, and stores newborn stem cells from umbilical cord blood for future medical or therapeutic use, including the treatment of more than 80 blood diseases such as sickle cell anemia and leukemia. Founded in 2008, Americord is registered with the FDA and operates in all 50 states. The company's laboratory is CLIA Certified, accredited by the AABB and complies with all federal and state guidelines and applicable licenses. Americord is headquartered in New York, NY. You may visit Americord's cord blood blog or website at cordadvantage.com for more information. You may also find Americord on Facebook and follow the company on Twitter.

SOURCE Americord