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Haemonetics Expands Its Blood Management Leadership With Acquisition of Neoteric Technology Ltd
Date:4/21/2009

BRAINTREE, Mass. and VANCOUVER, April 21 /PRNewswire-FirstCall/ -- Haemonetics Corporation (NYSE: HAE), a global blood management solutions company, today announced that it has acquired Neoteric Technology Ltd., a privately held medical information management company effective April 16, 2009. Neoteric markets a full end-to-end suite of products to track, allocate, release, and dispense hospital blood units, while controlling inventory and recording the disposition of blood. The acquisition is expected to be neutral to earnings for Haemonetics in the first year and accretive thereafter. Terms of the deal were not disclosed.

Neoteric's products include the BloodTrack suite of solutions which extend control of blood products from the hospital blood bank through to the transfusion to the patient. "Smart" refrigerators located in operating suites, emergency rooms, and other parts of the hospital dispense blood units with just-in-time control and automated tracking.

Brian Concannon, Haemonetics' President and CEO, said, "We are pleased to be adding the Neoteric product offering to Haemonetics' blood management solutions portfolio, which currently includes devices, software applications, and consulting services. These solutions will enable us to deliver a more complete blood management solution to the hospital market. The Neoteric blood tracking system reduces costs while improving patient care and optimizing blood management practice."

Geof Auchinleck, President of Neoteric, said, "We are pleased to be joining Haemonetics and providing a valuable solution which perfectly complements Haemonetics' portfolio for improving blood management throughout the entire blood supply continuum. Through our integration into Haemonetics, we gain a global marketing reach for our system which can provide simpler, safer blood transfu
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SOURCE Haemonetics Corporation
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