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Kensey Nash Announces the Closing on its Sale of the Endovascular Business to Spectranetics
Date:6/2/2008

EXTON, Pa., June 2 /PRNewswire-FirstCall/ -- Kensey Nash Corporation (Nasdaq: KNSY) reported the closing of the previously announced sale of its endovascular business to Spectranetics Corporation (Nasdaq: SPNC) was completed on May 30, 2008. This transaction includes the sale of the ThromCat(TM), QuickCat(TM) and SafeCross(TM) products.

Joseph W. Kaufmann, President and CEO of Kensey Nash, commented, "As a result of the efforts of the Kensey Nash and Spectranectics transition teams we were able to complete the closing of this transaction in less than three weeks. We are very excited about the prospects of this strategic partnership, which provide the opportunity for substantial future growth. Our plans for the next generation products, combined with the larger and more established Spectranectics sales team, will place us in a position to achieve this growth opportunity with improved treatment options in the Thrombus and Chronic Total Occlusion markets," he concluded.

About Kensey Nash Corporation. Kensey Nash Corporation is a leading medical technology company providing innovative solutions and technologies for a wide range of medical procedures. The Company provides an extensive range of products into multiple medical markets, primarily in the sports medicine, spine, and endovascular markets. Many of the products are based on the Company's significant expertise in the design, development, manufacturing and processing of absorbable biomaterials, which has led to partnerships to commercialize technologies
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SOURCE Kensey Nash Corporation
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