Avista-backed Probo Medical to acquire Alpha Source.

Avista-backed Probo Medical, a provider of medical imaging equipment, parts, repair and service, agreed to acquire Alpha Source, a medical equipment manufacturer. Financial terms were not disclosed. "This acquisition is transformational in nature for both Probo Medical and Alpha Source. Probo has built a scalable platform in the ultrasound market in North America, capable of supporting customers with ultrasound system sales, repairs, service, applications training, and spare parts at a quality and value level that leads the market. Alpha Source's capabilities, team and relationships provide us with the ability to extend that platform wider and deeper into new imaging modalities like nuclear medicine, CT and PET/CT. For Alpha Source, there are multiple commercial and growth opportunities that will come as being a part of the Probo platform. Probo is a global leader in system procurement across the aforementioned modalities. Integrating that proficiency with Alpha Source's technical capabilities will quickly allow us to expand parts harvest and distribution, scale system refurbishment and resale, and optimize our ability to deliver best-in-class field service with a global team of over 350 field service engineers. Combining all of that with Probo's capabilities around the logistics, storage and installation of diagnostic imaging systems makes this a combination that we are tremendously excited about," Michael Asmer, Probo CEO.