Tuesday, September 8, 2009

Haemonetics buys mobile blood collection unit

By Mass High Tech staff

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Blood management systems provider Haemonetics Corp. of Braintree today announced acquisition of Engineering and Research Associates Inc.’s blood collection and processing business for $12.5 million in cash.

Engineeering and Research Associates, also known as SEBRA, will continue to operate in Tuscon, Ariz., developing medical devices and biopharmaceutical products. Haemonetics is acquiring the SEBRA name as well as a division that currently provides a suite of products used in blood collection and processing, including radio-frequency tube seals, shaker devices that aid proper mixing of anticoagulants, mobile lounges and tourniquets for use in mobile collection centers.

According to Haemonetics, the acquired division had $10 million in sales in 2008 and has a 10-year compounded annual revenue growth rate of more than 9 percent. The acquisition is expected to be neutral to earnings per share in fiscal 2010 and accretive in fiscal 2011.

Haemonetics said the collection products improve the company’s position in the whole blood collection market as Haemonectics prepares to launch an automated whole blood collection system in 2011.

Haemonetics said it plans to relocate the blood collection and processing division to its Braintree and Salt Lake City locations.

In April, Haemonetics announced two other acquisitions. It bought applications and devices maker Neoteric Technology Ltd., based in Vancouver, B.C., which makes a suite of applications to track, allocate, release and dispense hospital blood units. Earlier that month, Haemonetics bought privately-held Altivation Software, an information management software company based in California, so that Haemonetics can offer blood collection management applications.