Staple Street to acquire Avante Health.

Staple Street, a private equity firm that invests in middle market businesses, agreed to acquire Avante Health, a provider of aftermarket service, repair, and refurbishment for medical equipment. Financial terms were not disclosed. "Our team has been working diligently to strengthen our financial foundation in the face of difficult circumstances brought on by ongoing litigation, which has cost Avante approximately $20 million over the past several years," Jim Leitl, Avante Health CEO and President.