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 BARIATRIC BED 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. MINNEAPOLIS, September 14, 2021-( BUSINESS WIRE)-Agiliti, Inc. To contact Midmed about Sizewise Bariatric Sapphire Air Mattress use Get A Quote.Combination expands Agiliti’s end-to-end service offering to customers, strengthening capabilities in high-demand specialty equipment servicesĬomplementary product and operational capabilities broaden offering within growing specialty beds, surfaces and mobility equipment marketīuilds on Agiliti’s nationwide footprint and logistics infrastructure, increasing local market presence and creating cross-selling opportunitiesĪll-cash, stock purchase transaction valued at $230 millionĮxpected to generate $5 million annual cost synergies in the first year, growing to $15 million by year three Additional features of the Sizewise Bariatric Sapphire include: “Static” for stationary low air loss therapy “Fowler” to boost seat inflation when the head is elevated “Auto Firm” for rapid inflation and easy patient transfer “Lockout” to maintain caregiver settings without accidental interruptions “Low Pressure” and “Power Failure” audible / visual alarms and “Self-Diagnostic Check” to quickly assess all switches and sensors for proper calibration and operation. Digital technology allows the alternation cycle time, the pressure settings and the mode of operation to be changed with the touch of a button. The unit is user-friendly and attaches easily to the footboard of most standard medical bed frames. The system includes an exceptionally quiet control unit. The Bariatric Sapphire comes with a quilted top cover, which is vapour permeable, low friction, anti-shear and completely machine washable. The foam base is covered with a waterproof material to eliminate cross contamination of bodily fluids. The air cells rest on a 5cm covered foam safety pad for added patient protection during power outage or patient transfer. This therapy helps keep the patient dry and comfortable whether in alternation or static modes of operation.