HAE - Haemonetics Corporation: Improved Performance Another Bolt-On Deal

2024-03-06 17:38:24 ET

Summary

• Haemonetics Corporation has announced a $160 million cash deal to acquire Attune Medical, a manufacturer of esophageal cooling devices.
• Haemonetics has seen improvements in its business after a tough period during the pandemic, but its share price has lagged.
• The company's adjusted earnings multiples have fallen below 20 times, making its shares more reasonably priced.

Shares of Haemonetics Corporation ( HAE ) surfaced on my radar after the blood player announced another bolt-on acquisition early in March 2024, at a time when its shares have continued to lag....

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