![]() ![]() Recently, Goldman Sachs analyst Amit Hazan lowered the price target on the Agiliti stock to $37 (66.5% upside potential) from $43 while maintaining a Buy rating. 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.” Upon closing, the acquisition will add $5 million to annual cost synergies in the first year, growing to $15 million by the third year.Īdditionally, the acquisition of Sizewise adds several benefits to Agiliti, namely, building on its unique, at-scale infrastructure by optimizing its complementary distributed operations network, strengthening its supply chain capabilities, expanding the company’s value proposition by further addressing the needs of bariatric patients and those at risk of skin and fall injury, and aligning with the company’s proven, end-to-end service model.Ĭommenting on the deal, Tom Leonard, CEO of Agiliti, said, “The acquisition of Sizewise is a perfect example of our ‘overlap and extend’ approach to M&A. The company generated revenue of $155 million and adjusted EBITDA of $30 million for the twelve months ending June 30, 2021.īy integrating Sizewise with Agiliti’s equipment solutions service line, the company broadens its portfolio and clinical expertise within the equipment services market, expands its total addressable market, and targets meaningful growth and cost reduction synergies. Sizewise serves more than 3,000 customers in the acute and post-acute care markets, with a focus on the needs of bariatric, geriatric, pediatric, and standard patient populations. Shares jumped 8.5% following the news, closing at $22.22 on September 14. healthcare industry, serving more than 7,000 national, regional, and local acute care and alternate site providers across the U.S. The purchase consideration will be financed by cash and debt, and the deal is expected to close early in Q4, subject to certain closing conditions.Īgiliti is an essential services provider to the U.S. ![]() ( AGTI) announced a stock purchase deal valued at $230 million to buy Sizewise Rentals, LLC, a manufacturer and distributor of specialty hospital beds, therapeutic surfaces, and patient handling equipment. Most enjoyable part of the job was having 2 days off in a row if I was lucky.Agiliti, Inc. I've been told to deliver dirty things without the hospital or patients knowing and it wasn't right but I needed my job at the time. They say they are all about cleanliness but that's only depending on if they have the equipment. I said I'd rather check into the hospital to make sure I'm okay but after making me feel so bad I never went in to the ER and just continued working. I told my current manager what was going on and he was more concerned on if I was going to make it to work. I was working so hard at one point that I collapsed at home and wouldn't wake up for a few minutes. I had to take my son out of Boy scouts because I was lied to. I had my schedule changed numerous times with no warning to make plans to change things around for child care or spouses job. Hardest part of the job was thinking you were going home then you get 5-10 more things added on, if you tell them you already have things to do after work then they frown on you. The co-workers where cool, but it's a "who you know" kind of buisness. My first week there I watched a guy get fired and with-in the year of being there I watched 8 or 9 others get fired too. I learned there if you live there by working 12-16 hours a day then your golden, but if you have a life and a family and you love your family more then they will drive you right out the door. You couldn't have a life because they drain it out of you. A typical day at Sizewize was unpredictable.
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