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Announced

Varsity Healthcare Partners-backed Probo Medical to acquire Elite Medical Technologies and Future Medical Equipment.

Synopsis

Varsity Healthcare Partners-backed Probo Medical, a provider of medical imaging equipment, agreed to acquire Elite Medical Technologies, a US-based wholesale reseller of pre-owned digital medical imaging equipment, and Future Medical Equipment, which specializes in the de-installation, purchasing and sales of pre-owned medical equipment. "Probo is tremendously excited to announce these significant acquisitions. Over the past five years, Probo Medical has become a leader in the global ultrasound market. As we look forward, our strategic plan involves expansion into adjacent imaging modalities where we can leverage our supply chain and sales channels. In terms of strategic fit, Elite Medical and Future Medical represent ideal partners, and, as equally important, we share a cultural philosophy that places customers, suppliers and employees at the center. We are pleased to welcome the Elite Medical and Future Medical teams to our family and are excited to accelerate down this growth path as a combined organization," Michael Asmer, Probo Medical CEO.

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