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Probo Medical acquires Tenvision

par John R. Fischer, Senior Reporter | June 09, 2021
Business Affairs Parts And Service
Probo Medical acquires Tenvision
Probo Medical, a repair and service provider of medical imaging equipment and parts, has acquired Tenvision, a service provider specializing in ultrasound equipment.

“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, training and service that will be highly complementary to our commercial efforts,” said Michael Asmer, CEO of Probo Medical, in a statement.

Founded in 2005, Tenvision is based in Tennessee and specializes in medical equipment sales, service, maintenance, repair and training. It offers a team of sales representatives, field service engineers and in-house repair technicians with expertise in ultrasound equipment needs.

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Under Probo Medical, the company’s customers will have access to the world’s largest inventory of new and used diagnostic imaging equipment, as well as ultrasound rental and probe repair services.

“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,” said Tenvision president Kevin Gregory.

Probo Medical has engaged in a number of deals over the last few years to enhance its ultrasound service offerings. In 2018, the organization merged with MedCorp to have an ultrasound system resell and repair business that could complement its current ultrasound probe sales and repair departments. This made it the largest ultrasound equipment reseller.

It followed up in 2019 with the acquisition of Trisonics, which specialized in the sale of such devices, including the resale of 2D, 3D/4D and transesophageal ultrasound probes.

This year, the organization acquired Mount International United Services, a U.K.-based service provider for ultrasound, CT, MR and X-ray equipment; and SonoDepot, which also specializes in the service, maintenance and repair of ultrasound equipment.

Backing Probo Medical is Varsity Healthcare Partners, a lower middle-market private equity investment firm that partners with organizations that can help build strong healthcare service companies.

Financial terms for the deal with Tenvision were not disclosed.

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