Wednesday 10 October 2018
Our research partners, Incereb Ltd, manufacturer of the neon neonatal EEG electrode array, have been aquired by Lifelines Neurodiagnostic Systems, Inc., provider of neurodiagnostic equipment and services.
Simon Griffin, CEO of Lifelines, noted, “We have been working with Incereb for several years in the US market, and their neon product is a perfect fit with our technology and growth plans. We are very excited not only to work with Jim Roche and Incereb on new product development but also with the INFANT Centre at University College Cork and the fantastic research being performed there under the stewardship of Professor Geraldine Boylan.”
Jim Roche, CEO of Incereb, noted “We have worked with Professor Geraldine Boylan since the formation of Incereb, and as an industry partner in INFANT. With LIfelines as our partners, and with their technology fitting seamlessly with Incerebs technology, we are now able to offer a complete EEG monitoring solution for the ICU”.
Congratulations to Incereb
Incereb will remain operating in Dublin as a subsidiary of the Lifelines group of companies. Plans are to increase R&D spending on a new product pipeline and grow the business by developing new markets and product lines.
“This is a perfect fit for Incereb in terms of our product offering and Lifelines’ sales and distribution network,” says Incereb CEO, Jim Roche, of the acquisition. Incereb has been working with Lifelines since 2015 to distribute Incereb in the US, and more recently worldwide.
“Declan O’Mahoney, Incereb director, has worked tirelessly with the management team consisting of Simon Forsyth, Paul Phillips, and me to get Incereb to this next stage of its evolution,” says Roche. “We are delighted with this acquisition and look forward to growing our business and product range together to bring neonatal and intensive care neuroprotective monitoring to the next level.”