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Haemonetics develops and sells medical technology solutions focused on improving plasma collection and critical-care operations in hospitals and plasma centers. Its products include devices and services that raise plasma yield, increase staff productivity, and enhance the donor experience, enabling healthcare providers to collect plasma more efficiently while maintaining patient care quality. The company generates revenue from one-time equipment sales and recurring service contracts and consumables used with its devices. It differentiates itself by targeting operational efficiency and patient outcomes in high-stakes settings, combining hardware, software, and services to streamline plasma collection and related processes. Haemonetics’ goal is to advance patient care by delivering reliable medical technologies that improve clinical performance and economic outcomes, while maintaining a strong focus on corporate responsibility.
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1971
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Total Funding
$1.7B
Above
Industry Average
Funded Over
3 Rounds
Health Insurance
401(k) Company Match
Employee Stock Purchase Plan
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Disability Insurance
Tuition Reimbursement
Haemonetics Corporation has appointed Martin Madaus to its board of directors, effective 24 July 2026. The Boston-based medical technology company focuses on delivering medical solutions for better patient outcomes. Madaus brings over 30 years of leadership experience in diagnostics and life sciences. He currently serves as senior operating executive at The Carlyle Group, where he has advised on healthcare investments since 2019. Previously, he led Ortho Clinical Diagnostics as chairman and CEO following its separation from Johnson & Johnson, and headed Millipore Corporation's transformation before its 2010 acquisition by Merck KGaA. He also chairs Repligen Corporation's board and serves on Azenta's board. Madaus holds veterinary medicine degrees from German universities.
MTD Micro Molding promotes John Clark to CEO. The longtime MTD leader returned to guide its next era of innovation and operational excellence in precision micro manufacturing. June 15, 2026 Associate Editor MTD Micro Molding revealed that it has named John Clark as its new CEO, effective June 10. Clark boasts over two decades of expertise in tooling, operations, and high-precision medical manufacturing. He also brings a deep, firsthand understanding of the steps needed to reliably produce increasingly complex miniaturized components, the company said. He first joined MTD in 2008 as a toolmaker and became a key leader, overseeing completion of the facility addition that doubled the company's manufacturing footprint. His return earlier this year began as director of operations before MTD appointed him as CEO. The company said that he returned because he believes "there's no team in the industry that does what MTD does." "Customers today are more informed about micro molding than ever," said Clark, "asking detailed questions about equipment, process discipline, and technical capabilities. What they're looking for is what MTD has been developing for decades. This isn't a new niche for us. We're the ones who defined - and continue to redefine - what this work requires." Clark's appointment comes less than a month after MTD announced former Haemonetics executive Chad Nikel would lead the company. In a statement to MPO, MTD said Nikel resigned to pursue another opportunity. The company said it recently optimized what might be the smallest overmold design in its 50-year history. In 2026's first five months, MTD produced four million components across 45 production molds, including tiny orthopedic implants with dead-sharp tips, thin-wall components for minimally invasive procedures, bioresorbable implants, and intricate multi-step overmolded devices. The company also reactivated internal lab and testing equipment to advance materials analysis capabilities, supporting more precise polymer characterization across complex programs. "By investing ahead of industry needs and developing capabilities before they're required," said Clark, "we help our customers bring the next generation of medical devices to market with confidence." "Dennis used to say that what made MTD special was the team's mentality - taking on the projects that start with some element of impossibility and finding a way to conquer them," said Darlene Tully, owner of MTD Micro Molding. "John has carried that mentality throughout his career here. He doesn't make promises he can't keep, and he builds teams and processes that deliver on the ones he does. That's the foundation of every customer relationship MTD has, and it's why I trust him to lead this company Ever Forward."
Haemonetics shares rose 3.4% after BofA Securities upgraded the blood products company to Buy from Neutral, raising its price target to $80 from $72. The analyst cited stronger performance in the vascular closure business and steady plasma demand as growth drivers. BofA noted that Haemonetics has set conservative guidance for the upcoming year, making outperformance likely. Whilst US plasma collections grew in the high single digits in the most recent fiscal quarter, the company's guidance incorporates only 0-2% growth. The upgrade follows Haemonetics' recent earnings report, where it surpassed analyst expectations for both revenue and earnings per share. The stock is down 19.9% year-to-date, trading 26.5% below its 52-week high of $87.16 from December 2025.
Haemonetics, a blood products company, reported first-quarter revenue of $346.4 million, up 4.8% year on year and beating analyst estimates of $336.1 million by 3%. Non-GAAP earnings per share of $1.29 exceeded consensus estimates of $1.27 by 1.4%. However, operating margin fell to -6.6% from 21.6% in the same quarter last year, whilst free cash flow margin declined to 15.4% from 30.5%. Organic revenue grew 4.5% year on year, surpassing expectations. Over the past five years, Haemonetics has grown sales at 8.9% annually, though recent performance has slowed with flat revenue over the last two years. Analysts expect revenue to grow 4.5% over the next 12 months, below the sector average.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1971
Find jobs on Simplify and start your career today