The combination enables Agiliti to broaden its portfolio and clinical expertise within the growing specialty equipment services market, expand its total addressable market opportunity and target meaningful growth and cost reduction synergies. The combination builds on our existing geographic footprint and adds relevant scale to our Equipment Solutions service line, while simultaneously expanding our capabilities to bring differentiated products and services to market for our customers.” “The acquisition of Sizewise is a perfect example of our ‘overlap and extend’ approach to M&A. ![]() “We are pleased to welcome the Sizewise team and their customers to Agiliti and are excited about merging our best-in-class portfolios of product and service offerings,” said Tom Leonard, CEO of Agiliti. Sizewise is headquartered in Kansas and operates a 24/7 nationwide network of 65 local, in-market service branches and four manufacturing centers. For the twelve months ended June 30, 2021, the business generated revenues of $155 million and Adjusted EBITDA of $30 million, inclusive of an estimated benefit from COVID-19 of approximately $5 million in Adjusted EBITDA. Sizewise is a leading manufacturer and provider of specialized bed frames, therapeutic surfaces and mobility equipment serving more than 3,000 customers in the acute and post-acute care markets with products that address the needs of bariatric, geriatric, pediatric and standard patient populations. ![]() Following the close of the transaction, Agiliti will provide an update to its full year 2021 financial guidance at the time it reports quarterly results for the period ending September 30, 2021. Subject to the satisfaction of customary closing conditions, the transaction is expected to close early in the fourth quarter of 2021. The Boards of Directors of both companies have unanimously approved the agreement. Agiliti intends to finance the transaction through a combination of cash and debt. healthcare industry, today announced that it has entered into a definitive agreement to acquire Sizewise Rentals, LLC, (“Sizewise”), a manufacturer and distributor of specialty hospital beds, surfaces and patient handling equipment, in a stock purchase transaction valued at $230 million or approximately 7.7x Adjusted EBITDA for the twelve months ended June 30, 2021. (NYSE: AGTI) (“Agiliti” or “the Company”), an essential service provider to the U.S. Then the solution is…Stratus 9.1 combines low air loss with 1-in-3 alternation and simultaneous pulsating therapy.MINNEAPOLIS-( BUSINESS WIRE)-Agiliti, Inc. If the problem is…Your immobile resident’s pressure injuries require therapy. Then the solution is…Stratus 3.1, 5.1, or 7.1 are designed with pressure injury treatment and prevention in mind. If the problem is…Your resident has or is at risk for pressure injuries. Plus, we manufacture the Horizon™ line of bed frames, made especially for homecare patients. weight capacities, several with customizable lengths for any body type. ![]() We have a variety of LTC-friendly support surfaces ranging from 300 to 1,000 lb. We’re dedicated to providing the best and most cost-effective bed and support surface options for each individual, and we’ll work with you to figure out a solution for every resident need. This includes the Long-Term Care population, who often have issues other patients don’t-such as pressure injuries, high fall risk, and overly moist skin. Sizewise offers a diverse product line for all patient comfort and mobility needs.
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