J-Pac Medical said today it picked up ex-Haemonetics (NYSE:HAE) and Aspect Medical veep of operations Jeff Barrett to be its CEO and president. Barrett was previously CEO at both GI Supply and Optim, and founded Eggrock Modular Solutions. In total, Barrett has more than 25 years of experience with medical product-based companies, J-Pac Medical said. “As […]
Haemonetics
Haemonetics Q2 beats street on EPS, misses rev
Haemonetics (NYSE:HAE) today reported 2nd quarter earnings that beat the street on earnings and narrowly missed revenue expectations, with shares slumping slightly in response. Haemonetics reported profits of $12.9 million, or 25¢ per share, on sales of $220 million for the 3 months ended September 26. That amounts to a significant 71.8% bottom line gain on […]
Haemonetics expands in South Carolina
Haemonetics (NYSE:HAE) is planning to spend $20 million on an expansion of a facility in Union, S.C., that will add 40 jobs over the next 5 years. Braintree, Mass.-based Haemonetics, which makes blood management products, plans to add 3,000 square feet to the Union plant, where it’s had a presence for 20 years, and upgrade its […]
Haemonetics slumps on lowered outlook
A week after revealing the departure of CEO Brian Concannon, Haemonetics (NYSE:HAE) yesterday lowered its outlook for fiscal 2016, saying it expects lower revenues from Russia and Japan and the slow uptake on its HaemoCloud software during the 2nd half of the year. Braintree, Mass.-based Haemonetics, which is slated to release its fiscal 2nd-quarter results Nov. 4, said […]
Haemonetics CEO Concannon steps down | Personnel Moves
Haemonetics (NYSE:HAE) said yesterday its CEO Brian Concannon resigned to pursue other opportunities and will be replaced by board member Ronald Gelbman, who will serve as interim CEO. The company said Concannon will remain with Haemonetics through the end of October to “ensure a seamless transition,” while the board searches for a permanent replacement. “Ron’s intimate […]
Philips Healthcare’s India chief takes over new emerging markets biz | Personnel Moves
Royal Philips (NYSE:PHG) has promoted its India managing director and CEO Krishna Kumar to a position managing its emerging healthcare business division, according to The Times of India. Kumar is slated to continue as managing director of Philips India division until December, at which point he will lead the development of consumer and profesisonal healthcare […]
Haemonetics launches HaemoCloud
Haemonetics (NYSE:HAE) said today it launched the HaemoCloud software platform designed to connect all of Haemonetics devices and software. The HaemoCloud includes software which allows the company’s blood management devices to connect to hospital IT systems and provides real-time data for service and support, the Braintree, Mass.-based company said. “As the healthcare industry transitions from analog to […]
Clearpath Robotics snags Intuitive Surgical design guru Hanuschik | Personnel Moves
Self-driving vehicle development company Clearpath Robotics said today it picked up Intuitive Surgical‘s (NSDQ:ISRG) director of design & management Mike Hanuschik. Hanuschik led the design and product management for Intuitive Surgical’s flagship da Vinci surgical robot system, the market leading robotic surgery platform. The da Vinci is used in over 500,000 procedures annually, according to […]
Haemonetics fiscal Q1 earnings top expectations
Haemonetics (NYSE:HAE) today reported fiscal 1st quarter earnings that topped analyst expectations, while missing revenue marks. The Braintree, Mass.-based company reported a net loss of $267,000, a loss of 1¢ per share, on sales of $213.4 million for the 3 months ending June 27. The company pared its losses by 92.7% as it saw sales shrink 5.1% […]
TAVI: Direct Flow taps ex-CoreValve chief Lemaitre | Personnel Moves
Haemonetics ends its fiscal year in Q4 red
Haemonetics (NYSE:HAE) finished out its 2015 fiscal 4th quarter in the red, hammered by a U.S. market shift that affected its blood center business, uncertainty in Russia, currency fluctuations and restructuring.