NMS Capital has launched Asurgence Medical, a newly established surgical suite maintenance, repair and overhaul platform, through the recapitalization of Endocorp and the acquisition of Medical Optics from Probo Medical. No financial terms were disclosed.

Endocorp, headquartered in Southfield, Michigan, supplies more than 15,000 SKUs of flexible endoscope repair parts to independent service organizations nationwide. Medical Optics, headquartered in Tamarac, Florida, is an ISO 13485 certified provider servicing flexible and rigid endoscopes across all major OEM brands. Both will continue operating under their existing names as subsidiaries.

Former Probo Medical CEO Michael Asmer has been named CEO of Asurgence Medical, while Najeeb Haddad continues as president of Endocorp. NMS partner David Peterson said pairing the two businesses creates a platform positioned to lower total cost of ownership for providers while protecting clinical uptime.

Financing was provided by TPG Twin Brook Capital Partners. NMS Capital, founded in 2010, manages more than $2 billion in assets across business services and healthcare services industries.