Avante Health Solutions has completed its sale to private equity firm Staple Street Capital, emerging from Chapter 11 with a debt-free balance sheet and a renewed focus on long-term growth.

The Concord, North Carolina-based provider of aftermarket medical equipment parts, service, and refurbishment is undergoing a leadership change as part of the transition. Outgoing CEO Jim Leitl, who led the company through its restructuring, has stepped down and will serve as an advisor to the board. David Anbari took over as CEO on February 10.

Anbari previously led Mobile Instrument Service and Repair, where he oversaw a business transformation and sale process. He also held leadership roles at Agiliti Health, helping to expand the company’s revenue while overseeing clinical engineering and diagnostic imaging services.
"I am honored to join Avante at this pivotal moment," Anbari said. "Avante has a strong foundation, talented employees, and a tremendous opportunity to become a best-in-class service and parts provider in the industry."

Staple Street Capital’s leadership expressed confidence in Anbari’s ability to drive Avante’s growth. "David's leadership, deep industry knowledge, and operational expertise will be instrumental in driving the next phase of growth," the firm said in a statement.

Avante specializes in servicing and refurbishing diagnostic imaging, ultrasound, and patient monitoring equipment for healthcare providers in the U.S. and internationally. With the backing of Staple Street Capital, the company plans to invest in operational improvements, customer service, and long-term strategic initiatives.

Legal counsel for Avante in the transaction was provided by Polsinelli, with Riveron RTS serving as financial advisor. Staple Street Capital was advised by Schulte Roth & Zabel.

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