Founded in 1967 by Ray Laborie, Laborie has been a pioneer and market leader in urodynamic systems for several decades. In 1984, Laborie became the first manufacturer to commercialize a computerized urodynamic system. The company subsequently established a market-leading position in disposables used with its systems. Laborie remained a family business until 2012, and has since focused on expanding its offering to adjacent product verticals and therapeutic areas while keeping the innovative spirit and culture established by its founder.
In recent years, Laborie has solidified its leadership through the introduction of new diagnostic and therapeutic products, and it has integrated its supply chain and market channel. Laborie’s business benefits from market trends, including an aging population and increased awareness and diagnosis of the conditions addressed by its products.
Today, Laborie has a global infrastructure for manufacturing, development and commercialization, and leverages this platform to further expand and grow its business. In addition to its leading urodynamic systems offering, Laborie has rapidly grown in the gastrointestinal diagnostics market and will disrupt the high resolution diagnostic GI market with new technology that leverages core patented pressure-sensing technology utilized in its urology equipment and consumable products.
Patricia Industries acquired Laborie in August 2016 and owns more than 98% of the company, with management owning the remaining equity.
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Laborie - Key facts
|
USD m. |
2023 |
2022 |
|
Sales |
359 |
339 |
|
EBITDA (%) |
29 |
29 |
|
Number of employees |
985 |
895 |
|
Patricia Industries ownership (capital/votes): 98/98 | Initial investment year: 2016 |