Avista Capital Partners today announced it has entered into a definitive agreement to acquire Probo Medical for an undisclosed amount.
Varsity Healthcare Partners’ Probo Medical is a Tampa-based medical imaging company that sells and repairs ultrasound probes. It has 14 facilities in the U.S. in Europe and has a global supply chain.
“Probo has earned its strong market position through operational excellence and timely, strategic acquisitions. The company is well-positioned to accelerate growth as favorable sector trends continue, particularly growing demand for newer, high-quality refurbished equipment. We look forward to working with Michael and his team to execute on the numerous growth opportunities ahead,” Avista partner Sriram Venkataraman said in a news release.
Probo Medical most recently acquired Remetronix for an undisclosed amount. It added the Port St. Lucie, Florida-based company’s medical equipment installation and de-installation services to its portfolio.
“On behalf of Probo team members around the world, I am excited for the future of our partnership with Avista Capital. Avista shares our passion for delivering health care solutions that drive superior outcomes in an efficient and efficacious manner. With their strategic and financial support, and a robust pipeline of acquisition opportunities in the U.S. and Europe, we will continue our impressive growth trajectory while serving the market with the highest-quality diagnostic imaging equipment and services,” Probo CEO Michael Asmer said.