Probo Medical, LLC
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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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Alpha Source group | - | ||||||||
| Add-on | Completed | Davis Medical Electronics, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Creative Foam’s MRI Coil Repair Operation | - | ||||||||
| Add-on | Completed | National Ultrasound, Inc. | - | ||||||||
| Add-on | Completed | Ultra Select Medical, LLC | - |
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