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 AJ COCHET 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. If you’re hungry for OT, it may be a good fit.MINNEAPOLIS-( BUSINESS WIRE)-Agiliti, Inc. The biggest gripe I have, and I know I’m not alone in this, is on call nights and the ever looming possibility of working hours past your shift. There’s a pretty constant workload, hours are always available. When you aren’t running calls you’re at the warehouse cleaning and repairing rental equipment.
It can be physically demanding at times, but is manageable.
Service calls entail bringing medical equipment to hospitals, care facilities, and customer homes and setting the equipment up for use. The Oregon site has an excellent group of guys, everyone gets along well
Advancement in the company is probably going to mean relocating to another part of the country. Pay is comparable to similar positions in the area.
SIZEWISE AJ COCHET PLUS
This can be a plus or a minus depending on who you are Possibility of working late is there every day.
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