Probo Medical, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Probo Medical, LLC - overview

Established

2014

Location

Fishers, IN, US

Primary Industry

Medical Devices & Equipment

About

Probo Medical, LLC specializes in the sale and servicing of diagnostic imaging equipment, providing essential solutions to healthcare practitioners in various markets. Founded in 2014 and headquartered in Fishers, US, Probo Medical, LLC focuses on delivering diagnostic imaging solutions. The company has undergone significant growth, including a recent acquisition by Avista Capital Partners in February 2022. CEO Michael Asmer leads the firm, which has completed two funding deals to date.


Probo Medical specializes in providing a comprehensive range of diagnostic imaging equipment, including new and refurbished ultrasound machines, MRI scanners, CT scanners, and X-ray machines. Additionally, the company offers ancillary services such as equipment repair, rental solutions, refurbishing, and user training, primarily serving hospitals, outpatient clinics, and private healthcare providers across the United States, Canada, the United Kingdom, and France. Probo Medical generates revenue through direct sales of diagnostic imaging equipment, service contracts, and leasing arrangements with healthcare providers. The company engages in B2B partnerships, facilitating procurement processes for refurbished ultrasound machines and ongoing maintenance agreements, as well as providing training services to enhance client utilization of equipment.


In February 2022, Avista Capital Partners agreed to acquire a majority stake in Probo Medical, LLC, which will enable the company to accelerate its growth through acquisition opportunities in the U. S. and Europe. Probo Medical plans to leverage this investment to expand its presence and service offerings in new markets, although specific product launches or regional expansions have yet to be detailed.


Current Investors

Avista Healthcare Partners, Varsity Healthcare Partners

Primary Industry

Medical Devices & Equipment

Sub Industries

Equipment Rental & Leasing, Medical Equipment Distributors

Website

www.probomedical.com

Total Amount Raised

Subscriber access only

Probo Medical, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAlpha Source group-
Add-onCompletedDavis Medical Electronics, Inc.-
Add-on, Trade SaleCompletedCreative Foam’s MRI Coil Repair Operation-
Add-onCompletedNational Ultrasound, Inc.-
Add-onCompletedUltra Select Medical, LLC-

Displaying 1 - 5 of 17

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.