Probo Medical, a global provider specializing in medical imaging equipment and services, has finalized the acquisition of Davis Medical Electronics, Inc., a company renowned for its provision of cardiology-focused equipment and supplies. The financial details of the transaction have not been disclosed.
Founded in 1983 in Vista, CA, Davis Medical has been a key player in catering to the needs of cardiologists, offering a diverse range of medical and imaging equipment, supplies, and services, including ultrasound systems, probes, EKGs, cardiac stress test equipment, and cardiac monitoring devices.
CEO of Probo, Michael Asmer, highlighted the strategic value of this acquisition, stating, “Probo’s commitment to tailoring our offerings to specialists’ needs aligns with Davis Medical’s niche in cardiology. This acquisition allows us to further refine our support for cardiology practices by leveraging Davis Medical’s extensive experience and offerings.”
Randy Davis, Founder and CEO of Davis Medical, expressed confidence in the acquisition, citing Probo’s expertise in equipment sales, repairs, and servicing as a significant asset that will enhance Davis Medical’s customer value proposition.
The partnership between Probo Medical and Davis Medical comes under the umbrella of Probo’s backing by Avista Capital Partners, a leading private equity firm specializing in healthcare businesses.
The acquisition marks a strategic move aimed at strengthening support services for cardiology practices, leveraging the combined expertise and resources of both companies.
