Patricia Industries has completed the acquisition of Laborie Medical Technologies, a Canadian maker of medical diagnostic tools, from Audax Private Equity for nearly $640 million.

Laborie, based in Mississauga, Ontario, sells equipment used to measure esophageal, gastrointestinal and urological functions. Audax bought the company in 2012 to expand its product lines. Under Audax’s ownership, Laborie completed 14 add-ons.

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