Sizewise bariatric equipment update#

The company believes the transaction provides several key benefits:īuilds on Agiliti’s unique, at-scale infrastructure, optimizing the companies’ complementary distributed operations networks-including facilities, vehicles, staff, products and operating systems-which will help increase local market presence and support meaningful operating synergies. 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.

Sizewise bariatric equipment update#

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. Learn more about our Manufacturing department's innovative, clean practices here.MINNEAPOLIS-( BUSINESS WIRE)-Agiliti, Inc. And because we believe American-made products are superior, we offer some of the most durable warranties in the industry. In healthcare, more than any other industry, clinicians need to count on quality, reliability, and proven outcomes.

Being made in the USA is more than just good business-it makes for quality products. We manufacture all equipment in the United States, at facilities in Kansas, Texas, and California. With weekly meetings, our Research and Development team focuses on creating new products and programs based on user feedback. capacity – Low Boy®įirst to develop “green” surfaces that reduce harmful chemical exposure for patients and caregivers – Envy Line™ G Series™įirst to offer an educational newsletter targeted care for the bariatric patient – Xtrawise™įirst to publish and present nationally recognized Case Studies on bariatric wound care patients capacity – Shuttle B Series™įirst low bed with 850 lb. capacity – Big Turn™įirst “tilt-to-stand” wheelchair with 1,000 lb. capacity – Mighty Air™įirst full-body lateral rotation mattress with 1,000 lb. capacity – Hercules Patient Repositioner™įirst low air loss mattress with 1,000 lb. Sizewise began pioneering specialty hospital equipment back in 1996, and we’re proud to have led the way with several industry firsts, including:įirst one-touch patient positioner with 750 lb. With many bed frame options, countless support surfaces, and patented mobility equipment, we have the depth and breadth of product that a facility needs to ensure the full spectrum of patient care.