![]() 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.) The combination is expected to expand Agiliti’s service offering and strengthens its capabilities in high-demand speciality equipment servicesĪgiliti to acquire Sizewise Rentals.
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