Probo Medical, a provider of medical imaging equipment, parts, repair and service, completed its acquisition of Canute Medical, which supports the installation, de-installation, removals, and remarketing of pre-owned medical equipment.

Canute, incorporated in 2012, supports medical equipment such as MRI, CT, X-Ray and Gamma Cameras for clients around the world. Based in Oakville, Ontario, Canute is led today by Ben Rice and supported by a team of medical equipment professionals with a deep understanding of the large imaging equipment markets.

“We’re fortunate to have Ben and his team at Canute join the Probo family as they will add tremendous expertise to our team,” says Michael Asmer, CEO of Probo Medical. “With this expansion, we look forward to growing our presence in Canada with a recognized team in the industry.” 

Probo Medical is backed by Avista Capital Partners, a New York-based private equity firm with more than 40 growth-oriented healthcare businesses globally.

“Aligning with Probo connects the Canute team to a platform that will enhance our services for customers. We see a great opportunity ahead for the expansion of the solutions we can bring to the market,” says Rice, director of Canute Medical.

Terms of the transaction were not disclosed.