Software Company with Efficiency & Cost Reduction Tools for Clinical Labs

Price: $10,000,000

Industry: Technology, Software

Location: NY

Seeking the right partner or end user of software efficiency tools for clinical laboratories. We are offering the rights to a connectivity, middleware, and data analysis software product line for use in HUMAN CLINICAL LABORATORIES. This is a PROVEN system with a firm asking price of $10,000,000.

There is major upside potential for the visionary investor. 

The opportunity also has major upside potential for end users in savings, process improvements, and efficiencies for ANY existing clinical laboratory operation.

LabThruPut (LTP) was founded in 2006, and the veterinary laboratory use rights sold to ANTECH Diagnostics® in 2012 in a multi million dollar deal. ANTECH Diagnostics® is a leader in veterinary services which owns a network of over 750 animal hospitals, and also provides laboratory diagnostic services for an additional 19,000+ animal hospitals in North America. Since 2009, LabThruPut software has managed their laboratory processes from instrument to host. In October 2017 Mars, Incorporated, one of the world’s largest privately held companies, bought VCA Inc. parent company of ANTECH Diagnostics® – in a deal valued at over 9 billion dollars. 

LabThruPut is proud to say that it supplies and services the connectivity, middleware, and data analysis products that ANTECH Diagnostics® uses to operate its laboratories. These products provide significant operational efficiencies, savings and process improvements including superior accuracy, efficiency and precision of reported results. The savings realized from the use of LabThruPut’s technology contributes in a major way to VCA’s profitability year-after-year. We, the Seller, are authorized to demonstrate performance at VCA/ANTECH with site visits available across the US to see the product in action. This visit will highlight our product’s robustness, scalability, intuitiveness and reliability. LTP supports ANTECH’s 60+ labs 24/7/365 and receives less than 10 service calls per year, a demonstration of the product’s superior reliability and intuitive user functionality.
THE PRODUCT IS PROVEN AND WE CAN CONNECT YOU WITH ANTECH MANAGEMENT TO VERIFY RESULTS.
In addition to servicing 19,000+ animal hospitals throughout North America, ANTECH Diagnostics® operates more than 60 reference laboratories in the US and Canada, and processes up to 45,000 samples daily. More than 400 board-certified specialists are available and on-call. ANTECH laboratories’ diagnostic spectrum includes over 300 different tests in chemistry, pathology, endocrinology, serology, hematology, and microbiology.

LabThruPut (LTP) was founded in 2006 to improve the accuracy and precision of results released by clinical laboratories, and at the same time streamline the overall process. LTP’s AutoLabTech application goes beyond traditional “middleware”—it is an end-to-end laboratory results automation and management product. It includes sample tracking/status monitoring and productivity statistics, as well as automated results review and follow-up.

LabThruPut delivers products and services ranging from connectivity to full process management, as well as decision support software and analysis tools. Their solutions are intuitive to the end-user and their rules engine is designed for lab professionals, not software developers. LTP products can stand alone between instruments and hosts, or they can be integrated into host Information Systems. LTP reliability is unsurpassed within the industry.

David Zelmanovic, PhD founded LabThruPut in 2006 because he saw a need to make the clinical laboratory run more efficiently and more productively. His background is in clinical diagnostics method and algorithm development. He managed various method development projects for Bayer Corporation from 1989 to 2006. He began his career in 1983 at Macbeth, a company that makes color measurement equipment for the graphic arts industry. He has authored 10 patents and has more than 30 publications in the field.

Competition:The veterinary laboratory use rights sold to ANTECH Diagnostics® in 2012 in a multi million dollar deal. THE PRODUCT IS PROVEN AND WE CAN CONNECT YOU WITH ANTECH MANAGEMENT TO VERIFY RESULTS.

Growth & Expansion:These products provide significant operational efficiencies, savings and process improvements including superior accuracy, efficiency and precision of reported results. The savings realized from the use of LabThruPut’s technology contributes in a major way to VCA’s profitability year-after-year. We, the Seller, are authorized to demonstrate performance at VCA/ANTECH with site visits available across the US to see the product in action. This visit will highlight our product’s robustness, scalability, intuitiveness and reliability. LTP supports ANTECH’s 60+ labs 24/7/365 and receives less than 10 service calls per year, a demonstration of the product’s superior reliability and intuitive user functionality.

Support & Training:Support will be provided. The product’s robustness, scalability, intuitiveness and reliability are easily supported. LTP supports ANTECH’s 60+ labs 24/7/365 and receives less than 10 service calls per year, a demonstration of the product’s superior reliability and intuitive user functionality.

Reason for Selling: Veterinary rights sold. Human use rights retained for this offering.