Ropes & Gray Advises Avista Capital Partners on the Acquisition of Probo Medical
Ropes & Gray advised Avista Capital Partners on its acquisition of Probo Medical LLC from Varsity Healthcare Partners. The closing of the transaction was announced on March 8 in a press release.
Probo Medical is a leading business in the medical imaging equipment market, offering a vertically-integrated set of products and services to customers worldwide, including equipment sales, part sales, equipment rentals, depot repair service, equipment installation and de-installation, and field-based repair service. Founded in 2005, Avista Capital is a leading New York-based private equity firm with nearly $8 billion invested in more than 40 growth-oriented healthcare businesses globally.
The Ropes & Gray team that advised Avista Capital was led by private equity partner Bob Rivollier and private equity associate Samuel Levitt (both of New York), and included private equity partner Helen Croke (London), leveraged finance partner Arek Maczka (New York), life sciences regulatory & compliance partner Kellie Combs (Washington, D.C.), health care partner Christina Bergeron (Boston), benefits partner Alexandra Alperovich (New York), labor & employment partner Megan Bisk (Boston), tax partner Benjamin Rogers (San Francisco), litigation & enforcement counsel Joseph Rafferty, Lee Gayer (both of New York) and Steven Kaye (Boston), and real estate partners Peter Alpert (Boston) and David Seymour (London).