The reorganization plan of Cord Blood Center Romania, which went insolvent in 2014, involved the merger by absorption of Cord Blood Center Medical and Cord Blood Center RO by CBC LABORATORIES S.A. and the continuation of the current activity.
According to CITR Transilvania managing partner, Alexandru Tanase, CITR managed, in just three quarters of the three years stipulated in the reorganization plan, to pay all debts to creditors, as well as the outstanding debts, thus Cord Blood Center Romania could return to the economic circuit as a recovered, balanced and healthy company.
Cord Blood Center Group is one of the European leaders in cord blood banking sector and is present in six countries in Central and Eastern Europe: Austria, the Czech Republic, Slovakia, Italy, Hungary and Romania. The company has already released 68 cord blood grafts for transplants carried out in prestigious medical centers worldwide.