Haemonetics Corporation HAE recently entered into a strategic asset sell-off agreement with CSL Plasma Inc. The former has announced that it willtransfer its ownership of Haemonetics' Union, SC manufacturing facility, operating assets and certain inventories to CSL Plasma. The transaction is expected to be completed in the current quarter, subject to fulfilment of certain customary closing conditions.According to Haemonetics, this impending divestment remains integral to the company’s asset optimization strategy that aims at improving its operating performance and focusing on core competencies.Haemonetics' Union, SC manufacturing facility produces liquid saline and sodium citrate, which are solutions used in the plasmapheresis or plasma collection process. Per the terms of the deal, on the transaction’s closure, the ownership and operational control of the facility including property and equipment will be transferred to CSL Plasma. Further, approximately 200 Haemonetics employees, currently working in the Union, SC plant will get an opportunity to be inducted to CSL Plasma workforce.Haemonetics Plasma Business at a GlanceGoing by MarketWatch Data, the global Blood Plasma market holds immense potential and is projected to register strong growth seeing a CAGR of 10.18% during the 2018-2023 period.Haemonetics has been witnessing a solid uptrend in the Plasma franchise for quite some time. In the global plasma market, Haemonetics holds 80% shares approximately. In fiscal 2019, the plasma continued to witness a sturdy progress, driven primarily by robust demand for disposables in North America.Haemonetics is currently observing plasma market growth above historic rates, attributable to an industry striving to double its collections by 2025 and the spurt in demand for plasma-based medicines. Per management, NexSys is the best-positioned platform to support this industry growth. Further, pricing from NexSys PCS and strength in liquids have started contributing to the top line. The company is advancing well with the development and launch of NexSys PCS plasmapheresis system.Earlier, Haemonetics projected fiscal 2020 organic revenue growth in the band of 11-13% under its Plasma arm.Share Price PerformanceOver the past three months, shares of Haemonetics have outperformed its industry. The stock has surged 30.5% against the 0.3% dip of the industry.Zacks Rank & Other Key PicksHaemonetics sports a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks in the broader medical space are Cerner Corporation CERN, Penumbra PEN and Bruker Corporation BRKR. While Cerner sports a Zacks Rank of 1, Penumbra and Bruker carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Cerner’s long-term earnings growth rate is expected to be 13.5%.Penumbra’s long-term earnings growth rate is projected at 21.5%.Bruker’s long-term earnings growth rate is estimated at 11.7%.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cerner Corporation (CERN): Free Stock Analysis Report Bruker Corporation (BRKR): Free Stock Analysis Report Penumbra, Inc. (PEN): Free Stock Analysis Report Haemonetics Corporation (HAE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research