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

sions for millions of patients worldwide."

A study published in the AABB journal, Transfusion, showed dramatic time and cost savings achieved at hospitals that implement the BloodTrack system. At the John Radcliffe Hospital in Oxford, UK, the time to access blood in the operating room was reduced from 24 minutes to 59 seconds, and the time required for blood bank and clinical staff to manage blood preparation and delivery was reduced from 117 minutes to 34 minutes a day. At the same time, the number of blood units issued from the hospital blood bank was reduced by 52%. By implementing the BloodTrack system, the hospital was able to reduce the time to make blood available to patients and improve the efficiency of the hospital transfusion process.

Neoteric's products will be integrated into Haemonetics' Patient division for marketing and sales. The Company's operations will remain in Vancouver, British Columbia and the United Kingdom. The BloodTrack suite of products are 510(k) and European-regulatory cleared for sales.

Brian Concannon added, "With the acquisition of Neoteric Technology for hospital blood management and the March acquisition of Altivation Software for blood banks, Haemonetics continues to strengthen its value proposition to customers. Both acquisitions are strategic and strengthen our vision of being the global leader in blood management solutions for our customers."

"As we execute to our strategic plan, we remain committed to our aspirational compounded revenue growth target of 10-12% per year, with acquisitions comprising 1-2 percentage points of this growth. Neoteric and Altivation will add about 1 percentage point of growth in fiscal 10. We will continue to pursue strategic, tuck in acquisitions like these moving forward."

Natixis Bleichroeder, Inc. acted as a strategic advisor to Neoteric Technology.

Haemonetics (NYSE: '/>"/>

SOURCE Haemonetics Corporation
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