PE-backed Probo Medical buys Tenvision

Probo Medical, which is backed by Varsity Healthcare Partners, has acquired Gallatin, Tennessee-based Tenvision, a provider of ultrasound sales, service, maintenance, repair and training to healthcare facilities across the U.S.

Probo Medical, which is backed by Varsity Healthcare Partners, has acquired Gallatin, Tennessee-based Tenvision, a provider of ultrasound sales, service, maintenance, repair and training to healthcare facilities across the U.S. No financial terms were disclosed.

PRESS RELEASE

TAMPA, Fla.–(BUSINESS WIRE)–Probo Medical (“Probo”), a leading global provider of medical imaging equipment, parts, repair and service, announced today the acquisition of Tenvision, LLC (“Tenvision”). Terms of the transaction were not disclosed.

Tenvision, founded in 2005, is a Gallatin, TN based provider of medical equipment sales, service, maintenance, repair and training organization with deep specialization in ultrasound equipment. Tenvision’s team of sales representatives, field service engineers and in-house repair technicians bring a long history of providing a deep solution set of products and services to meet healthcare organizations’ ultrasound equipment needs.

“Having worked alongside the Tenvision team for well over two decades, we have long respected their position in our industry,” said Michael Asmer, CEO of Probo Medical. “Tenvision is known as a leader in the ultrasound market, particularly with respect to their sales, service and training offering to customers in the mid-south region. More recently, Tenvision has built out an impressive capability set for virtual product demonstrations, trainings and service that will be highly complementary to our commercial efforts. We look forward to supporting Tenvision’s customers with the breadth and depth of Probo’s products, services and solutions and are tremendously excited to welcome the Tenvision team to Probo.”

Tenvision President, Kevin Gregory, said, “Aligning with Probo connects Tenvision into a platform that places our team on the leading edge of solutions that we can bring to our customers. We have known the Probo team as both business colleagues and friends for many years, so the combination of Probo and Tenvision is a natural fit. We are thrilled to be joining with Probo and look forward to offering our customers the most comprehensive set of products and services in the market.”

Probo Medical is backed by Varsity Healthcare Partners, a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies.

About Probo Medical
Probo Medical is a global diversified supplier of refurbished medical equipment. Probo offers refurbishment, sales, parts, service and repair on a broad range of medical imaging equipment, including Ultrasound, C-Arms, CT, MRI, PET/CT, X-Ray and more. Varsity Healthcare Partners partnered with Probo in 2018 with a growth capital investment to support Probo Medical’s growth and expansion.

For more information about Probo Medical, please visit http://www.probomedical.com

About Tenvision, Inc.
Tenvision, LLC, founded in 2005, in a Gallatin, TN provider of ultrasound sales, service, maintenance, repair and training to healthcare facilities across the United States.
For more information on Tenvision, Inc., please visit http://www.tenvisionllc.com