“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 MEDICAL EQUIPMENT DELIVERY TECHNICIAN SALARY 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. Expected to generate $5 million annual cost synergies in the first year, growing to $15 million by year threeĪgiliti, Inc.All-cash, stock purchase transaction valued at $230 million.Builds on Agiliti’s nationwide footprint and logistics infrastructure, increasing local market presence and creating cross-selling opportunities.Complementary product and operational capabilities broaden offering within growing specialty beds, surfaces and mobility equipment market.and push / pull up to 700 lb.Combination expands Agiliti’s end-to-end service offering to customers, strengthening capabilities in high-demand specialty equipment services Perform other warehouse duties as needed.Process equipment efficiently and in a timely manner.Clean and sanitize medical equipment such as hospital bed frames, mattresses, wheelchairs.Produced in two manufacturing plants and supplied through more than 65 branches nationwide, Sizewise offers a range of American-made bed frames, specialty surfaces, and mobility items that enhance patient healing and caregiver satisfaction. Sizewise is a privately owned, global medical equipment and consumer sleep system manufacturer with more than 20 years experience engineering innovative products to meet the needs of bariatric, geriatric, pediatric, and standard patient populations. Immediate need for a Warehouse Tech / Medical Equipment Processor Work Schedule : 6 AM - 2 : 30 PM / Tues - Sat Base Pay : $18 / per hour
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