Avista Capital Partners has acquired Probo Medical from Varsity Healthcare Partners. The details of the transaction were not disclosed.

Indiana-based Probo Medical, founded in 2014, is the largest distributor of medical ultrasound equipment. Probo has been owned Varsity Healthcare Partners, a firm focused on lower middle-market equity investment, since 2018.  Michael Asmer, CEO of Probo, will stay with the company under its new ownership. 

Founded in 2005 in New York, the private equity firm Avista Capital focuses exclusively on healthcare.