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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.

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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. This query will match all documents containing words beginning with the prefix 'ehr' like the word Ehrlichia.MINNEAPOLIS-( BUSINESS WIRE)-Agiliti, Inc. Whereas all of the previous search found exact matches on the whole term or phrase, a wildcard search will find partial matches. Wildcard/Prefix queries You can perform 'wildcard' or 'prefix' queries using the '*' operator. The - character is synonymous with using NOT. So a listing match would have to include the word default but not the phrase 'document type'. The NOT operator excludes documents that contain the term (or phrase) after NOT. NOT example search: default NOT 'document type' In this case just one of the terms needs to exist within a listing to find a match on that listing. In this case both terms need to exist within a listing to find a match on that listing.The + character is synonymous with using AND. For example:ĭefault document is the same as default AND document. It will be used if there is no Boolean operator between two terms. Please note that Boolean operators must be all uppercase.

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Company Details SIZEWise Rentals LLC 1600 Genesse Suite 950 Kansas City, MO 64102 United States Toll Free Number:(800) 814-9389

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