RTTNews | Sep 14, 2021 08:46AM EDT

08:46 Tuesday, September 14, 2021 (RTTNews.com) - Agiliti, Inc. (AGTI) has agreed to acquire Sizewise Rentals, LLC in a stock purchase deal valued at $230 million. Headquartered in Lenexa, Kan., Sizewise is a manufacturer and provider of specialized bed frames, therapeutic surfaces and mobility equipment.

Agiliti said the acquisition helps to broaden its portfolio and clinical expertise within the specialty equipment services market, expand the company's total addressable market opportunity and target meaningful growth and cost reduction synergies.

Agiliti will provide an update to its full year guidance at the time it reports quarterly results for the period ending September 30, 2021.

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