LRE Medical
Creating solutions. Improving lives.
Sector
Healthcare
Industries
Diagnostics
Employees
270
Transaction Type
Corporate Carve-out
About LRE Medical
Leading Provider of Point of Care diagnostic devices and analytical instruments for the life science industry.
Founded in 1961, LRE is a contract development and manufacturing organisation (“CDMO”) specialised in complex, compact in vitro diagnostic (“IVD”) devices and analytical instruments for the life science industry
LRE’s positioning within Point of Care (“PoC”) segment of IVD market enables the company to participate in the megatrend of diagnostic testing shifting closer to the patient, with faster results and better patient outcomes
With a blue-chip global customer base, LRE provides a comprehensive service offering across the product lifecycle from development phase (concept development, design, prototyping) to production (full assembly line) and after-sales support (repair and servicing)
Structural need
Near-patient testing enables more rapid clinical decision-making that results in better patient outcomes as well as expanding testing access
Efficiency
Eliminates logistics costs of traditional laboratory testing and improves diagnosis turnaround times
Resilience
Revenues built on long-term relationships with customer base of global OEMs
Net benefit
Complex disposables result in plastic waste, offset by clinical benefit to patients, elimination of logistic costs and consequent impact on carbon footprint
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