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Haemonetics Signs Definitive Agreement To Acquire Hemerus Medical, LLC
Date:4/29/2012

offering includes automated blood collection and separation technologies for the red blood cell collection process.  However, today manual whole blood collections account for over 90% of red cell collection procedures performed annually worldwide.  Hemerus' capabilities are expected to enable Haemonetics to accelerate its entry into the whole blood collection market with differentiated offerings.

Mr. Concannon explained: "We've discussed our plans to deliver our first whole blood automation software package to customers and also to advance our automated whole blood collection device into clinical trials.  The acquisition of the blood collection, filtration and processing product lines of Pall Corporation and the addition of Hemerus' SOLX collection system to this portfolio will considerably enhance our ability to serve the industry with complete and integrated solutions for whole blood collection."

Under terms of the agreement, Haemonetics will pay up to $27 million in several stages, each of which is contingent upon successful regulatory approvals of SOLX.  Additionally, Haemonetics has agreed to pay a royalty on future sales of SOLX based products.  The acquisition is expected to close during the second quarter of fiscal 2013.

As separately announced, Haemonetics will host a webcast at 8:00 am (EDT) on Monday, April 30, 2012 to discuss and answer questions about its earnings for the fourth quarter and fiscal year ended March 31, 2012 and guidance for fiscal year 2013, which were provided in a separate press release today.  The company will also discuss both acquisitions announced today and their impact on operations and results in more detail.  Interested parties can participate at: http://phoenix.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=72118&eventID=4
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SOURCE Haemonetics Corporation
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