“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. 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. The knitted pattern is similar to what you've seen from other brands, but there's enough going on here to separate it from the pack.MINNEAPOLIS-( BUSINESS WIRE)-Agiliti, Inc. Just ask Kim Kardashian.īest for: Runners looking to try something new yet familiar, delivered by the same brand whose basketball kicks were too much for the NBA. Finally, the minimally designed outsole is inspired by a feather and makes use of grooves that react to the foot's movements.Īs an added bonus, the APL TechLoom Pro is a great crossover casual option. This means they'll be able to take a beating on the pavement, and you'll still get quality results months down the line. The APL TechLoom Pro's midsole makes use of Propelium technology, which is most noticeable in the heel area and delivers energy return while maintaining its structural integrity longer than traditional EVA foams. The midsole and outsole of the APL TechLoom Pro are combined to allow for a closer to the ground feel and eliminate the need for extra rubber that could otherwise weigh the shoe down. The single piece design is engineered to balance strength and flex in the areas runners need it, ensuring that the material is durable enough while remaining lightweight and pliable. For starters, the seamless TechLoom upper features a unique pattern and completely seamless design. Although the knitted upper may look familiar, the APL TechLoom Pro is equipped with enough tech to stand on its own. Athletic Propulsion Labs (APL) are no strangers to performance footwear, but this past June, they got into the running game with a handful of new models including the APL TechLoom Pro.
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