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TheStreet Open House

CryoLife's CEO Discusses Acquisition Of Hemosphere, Inc. Conference (Transcript)

CryoLife, Inc. (CRY)

Acquisition of Hemosphere, Inc by CryoLife, Inc. Call

May 15, 2012 11:00 am ET

Executives

Steven G. Anderson – Chairman, President and Chief Executive Officer

D. Ashley Lee – Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer



Analysts

Jeffrey S. Cohen – Ladenburg Thalmann & Co.

Matt Dolan – Roth Capital Partners

Raymond Myers – The Benchmark Company, LLC



Presentation



Operator



Greetings and welcome to the CryoLife Update Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Steve Anderson, President and CEO for CryoLife. Thank you, Mr. Anderson, you may begin.

Steven G. Anderson

Good morning, everyone, and welcome to CryoLife’s Hemosphere acquisition conference call. This is Steven Anderson, CryoLife’s President and CEO. I’m joined today by Ashley Lee, CryoLife’s Executive Vice President, COO and CFO. We’d like to thank you for joining us on this call to discuss the acquisition of Hemosphere that we announced earlier this morning.

Before going farther, I want to remind everyone that we posted a slide presentation to accompany this conference call in the Investor Relations section of our corporate website at www.cryolife.com. If you have not done so already, I encourage you to download these slides now.

The agenda for today’s call is as follows. I will open the call with some comments about the acquisition of Hemosphere and its strategic fit with CryoLife and the acquisition strategy that we have been working on for some time. Ashley will follow these comments with a detailed overview of the HeRO Graft business, the incremental opportunity it opens for CryoLife and the financial details of the transaction. After Ashley’s comments, we will open the call for questions.

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