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Probo Medical Completes Acquisition Of Creative Foam'S Mri Coil Repair Operation

May 05, 2023•over 2 years ago

Acquiring Company

Probo Medical

Acquired Company

MRI Coil Repair Operation

Fishers

Description

Probo Medical ("Probo"), a leading global provider of medical imaging equipment, parts, repair and service, announced today that it has completed its acquisition of the MRI coil repair operation from Creative Foam, Inc., a Fenton, Michigan based solutions provider specializing in the design, engineering, and manufacturing of a range of solutions in the transportation and healthcare markets.

Company Information

Company

Probo Medical

Location

Fishers, Indiana, United States

About

At Probo Medical, we provide Sales, Service, Rental, and Repair for ultrasound systems and probes and C-arms. Our mission is to drive down worldwide healthcare expenses by providing low-cost equipment and repair solutions. We strive to transform lives across the globe by improving universal access to affordable healthcare. We also believe that cost saved should equal lives saved, which is why we deliver high-quality medical equipment to customers and also donate it to where it is desperately needed in every corner of the world.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed