Dennis Wulf, former president of Wetsco and CEO of MDMT, will serve as CEO of Innovatus and is a co-investor in the new company.
MVS has been a frequent customer of MDMT, purchasing its ultrasound probe replacement components.
Based near Denver, Colo., MDMT designs and manufactures specialty medical ultrasound products for the OEM, third-party repair, and research markets.
"The combination of MVS, Wetsco, and MDMT within Innovatus will ensure our ability to support customers and the imaging community.
The transactions involving MVS (U.S.), Wetsco and MDMT closed on Aug.