by John R. Fischer
, Senior Reporter | September 21, 2021
Together, Agiliti and Sizewise plan to optimize their complementary distributed operations networks to increase local market presence and boost one another’s operational workflow. These networks include facilities, vehicles, staff, products and operating systems.
Sizewise provides solutions for more than 3,000 customers in the acute and post-acute care markets for bariatric, geriatric, pediatric and standard patient population needs. It raked in $155 million in revenue for 12 months, it reported in June 2020, and had an Adjusted EBITDA of $30 million. It is made up of 65 local, in-market service branches and has four manufacturing centers in Kansas and California.
“They do not have a manufacturing presence as we do, and they will now have access to our products and innovation. We view this as a complementary transaction that offers potential for future growth,” said Sizewise CEO Brain Frickey. He adds that more news on the combination of both companies is expected to follow the completion of the deal.
Headquartered in Minneapolis, Agiliti serves more than 7,000 national, regional and local acute care and alternate site providers across the U.S.
The deal has been approved by both companies’ boards of directors and is subject to customary closing conditions. Back to HCB News