Medical Optics

Medical Optics, now known as Probo Medical, specializes in repairing and refurbishing medical instruments such as endoscopes and surgical tools, ensuring optimal functionality in healthcare settings. Medical Optics, established in 1997 in Tamarac, US, focuses on the repair and refurbishment of medical instruments. The company was acquired by Alpha Source, a portfolio company of Baird Capital Partners, in April 2017. The firm has engaged in a single deal to date.

Probo Medical specializes in the repair and refurbishment of flexible and rigid endoscopes, surgical power tools, cameras, light sources, and micro surgical instruments. Their services meet original equipment manufacturer (OEM) specifications, catering to hospitals, surgical clinics, and medical device manufacturers across diverse global regions including North and South America, Europe, Asia, and Australia. The company employs advanced repair techniques such as laser welding and CCD repairs, ensuring comprehensive refurbishing capabilities that adhere to stringent safety and quality standards. Probo Medical generates revenue through its repair services and tailored programs, including the TotalFix™ Asset Management Program.

Their pricing structure features capped pricing for flexible scopes and flat fee pricing for rigid scopes, facilitating predictable budgeting for clients. The company primarily operates on a business-to-business basis with healthcare institutions, establishing contracts that often include warranties, free shipping, and educational resources on preventative maintenance. The future growth strategy of Probo Medical includes the launch of new products and services tailored to the evolving needs of healthcare providers. The company is targeting expansion into emerging markets in Asia and Europe by 2025.

The acquisition by Alpha Source in April 2017 is expected to support these initiatives; however, specific financial terms of the deal were not disclosed.