Sizewise CEO Brian Frickey said: “Sizewise has spent the past 25 years engineering, manufacturing, and selling products and service solutions that drive value for our healthcare partners. Sizewise has four manufacturing plants and more than 65 branches across the US, offering products bariatric, geriatric, paediatric, and standard patient populations. In March this year, the company has acquired surgical equipment repair services provider Northfield Medical in a deal valued at around $475m. Its medical equipment management and service solutions are said to help healthcare providers reduce costs, increase operating efficiencies and optimise patient outcomes. The firm has been serving national, regional and local acute care and alternate site providers across the US, for more than eight decades. “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.”Īgiliti is a provider of essential service to the US healthcare industry, with solutions that facilitate an effective, safe and sustainable healthcare delivery system.
The acquisition of Sizewise is a perfect example of our ‘overlap and extend’ approach to M&A. It intends to finance the transaction through a combination of cash and debt.Īgiliti CEO Tom Leonard said: “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. The acquisition is expected to be closed early in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions.Īgiliti claimed that the transaction builds on its nationwide footprint and logistics infrastructure, presence in the local market and cross-selling opportunities.
The transaction has been unanimously approved by the boards of directors of both companies. It has generated $155m in revenues and adjusted EBITDA of $30m, as of 30 June 2021. Sizewise is engaged in the manufacturing and distribution of specialised bed frames, therapeutic surfaces and mobility equipment in the acute and post-acute care markets. US-based healthcare service provider Agiliti has agreed to acquire healthcare equipment provider Sizewise Rentals in an all-cash transaction valued at $230m. (Credit: Silas Camargo Silão from Pixabay.) If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.The combination is expected to expand Agiliti’s service offering and strengthens its capabilities in high-demand speciality equipment servicesĪgiliti to acquire Sizewise Rentals. BBB Business Profiles are subject to change at any time.
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