NMS Capital merges ENDOCORP and Medical Optics to form surgical MRO platform Asurgence
What's the deal? Private equity firm NMS CapitalDealroom has a profile for this one. Try Dealroom → has merged endoscope repair supplier ENDOCORPDealroom has a profile for this one. Try Dealroom → with Medical OpticsDealroom has a profile for this one. Try Dealroom → to create Asurgence MedicalDealroom has a profile for this one. Try Dealroom →, a new surgical suite maintenance, repair, and overhaul (MRO) platform. NMS recapitalised ENDOCORP alongside management and simultaneously acquired Medical Optics from Probo MedicalDealroom has a profile for this one. Try Dealroom →. Terms were undisclosed.
What each side brings: ENDOCORP, founded in 1996 in Southfield, Michigan, supplies more than 15,000 SKUs of flexible endoscope repair parts and CCD imaging repair services to service organisations nationwide. Medical Optics, founded in 1997 in Tamarac, Florida, is an ISO 13485 certified provider of repair, service, and equipment resale across all major OEM brands, serving hospitals, surgery centres, and equipment dealers.
Both will keep their names and leadership as subsidiaries of Asurgence. Combined, the platform pairs hard-to-source parts with certified multi-OEM repair spanning flexible and rigid scopes.
Who's running it? Michael Asmer has been appointed chief executive officer of Asurgence. He founded MedCorpDealroom has a profile for this one. Try Dealroom → and previously served as chief executive officer of Probo Medical — the seller of Medical Optics — which he scaled through acquisitions. Najeeb Haddad, president of ENDOCORP, will continue to lead that business.
Why now? NMS ties the deal to its equipment lifecycle management theme. Ageing installed equipment, rising procedure volumes, and cost pressure on providers are driving demand for third-party parts, repair, and service.
What's the endgame? Asurgence aims to give customers a single partner across parts, repair, service, and equipment for the whole surgical suite. "Hospitals and surgery centers are under real pressure to keep critical equipment in service without absorbing OEM overhaul economics," Asmer said, adding that the two businesses "each solve part of that problem exceptionally well."
Haddad said partnering with NMS lets ENDOCORP "invest in capacity, capability, and people at a pace we could not fund on our own."
The signal: Asurgence extends a broader NMS bet on the aftermarket for medical and lab equipment, following its investments in DirectMed ImagingDealroom has a profile for this one. Try Dealroom →, which repairs MRI and CT systems, and Surplus SolutionsDealroom has a profile for this one. Try Dealroom →, which resells lab equipment. In a fragmented, OEM-dominated market, the deal reflects a wider push to consolidate independent repair specialists into scaled platforms.
Image credit: U.S. Naval Forces Central Command/U.S. Fifth Fleet
