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New Deal


Announced

Avista Capital-backed Probo Medical to acquire Mi Healthcare.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical imaging

medical devices

Majority

Private

United Kingdom

Acquisition

Friendly

medical imaging equipment

Single Bidder

Cross Border

Private Equity

Pending

Medical Equipment

Synopsis

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Avista Capital-backed Probo Medical, a global provider of medical imaging equipment, parts, repair, and service, agreed to acquire Mi Healthcare, a United Kingdom-based provider of medical imaging equipment and services. Financial terms were not disclosed. "We have long known the Probo team, and we are excited for the future of bringing Mi Healthcare into the Probo family. The combination with Probo connects us to a significant platform that allows both organizations to grow faster together, and brings a set of resources to our customers and employees that is unmatched in our sector," Mark Edwards, Mi Healthcare CEO.

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