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Agiliti Health, Inc.

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Year established

1939

Location

Eden Prairie MN US

Primary Industry

Software

About

Founded in 1939 and based in Minnesota, US, Agiliti Health, Inc., established by the merger of Federal Street Acquisition Corp and Universal Hospital Services, operates as a provider of medical equipment management services and equipment rentals. In February 2024, Thomas H. Lee Partners acquired a 27.60% minority stake in Agiliti Health, Inc. in a public-to-private transaction for approximately USD 410 million, at USD 10 per share in cash. The firm, as of July 2024, serves over 10,000 customers, including hospitals, health systems, government entities, and device manufacturers along with its operational framework spanning more than 150 service centers nationwide, facilitating the deployment and maintenance of over 300,000 medical devices, and is led by its CEO, Tom Leonard. The company offers medical equipment management solutions. Agiliti Health's services include Equipment Value Management (EVM), which ensures optimal equipment access and readiness through strategic inventory management for monitoring, laser, and surgery equipment while providing onsite management and logistical support. Additionally, it provides onsite management, clinical engineering services, and medical equipment rentals and repairs, covering a wide range of devices from surgical instruments to diagnostic imaging systems. The February 2024 acquisition will improve Agiliti Health, Inc.'s healthcare infrastructure and medical products systems.
Current Investors
Thomas H. Lee Partners

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Primary Industry
Software
Sub Industries
Equipment Rental & Leasing, Medical Equipment Distributors, Logistics Software, Content Management Software
Website
www.agilitihealth.com
Verticals
HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only

Deals

Deals Type
Public to Private
Add-on
IPO
Add-on
Private Debt
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Agiliti Health, Inc. 26 Feb 2024
Completed Sizewise Rentals, LLC 14 Sep 2021
Completed Agiliti Health, Inc. 22 Apr 2021
Completed Mobile Instrument Service and Repair, Inc. 19 Feb 2020
Completed Agiliti Health, Inc. 01 Feb 2020
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