Congratulations to our client Sizewise Rentals on its definitive agreement to be acquired by Agiliti, a service provider to the U.S. healthcare industry, for $230 million. Sizewise is a manufacturer and distributor of specialty hospital beds, surfaces and patient handling equipment. The combination enables Agiliti to broaden its portfolio and clinical expertise within the specialty equipment services market, expand its total addressable market opportunity and target growth and cost reduction synergies.
Agiliti intends to finance the transaction through a combination of cash and debt. The Boards of Directors of both companies have unanimously approved the agreement. Subject to the satisfaction of customary closing conditions, the transaction is expected to close in the fourth quarter of 2021.
The Orrick team advising Sizewise was led by David Gold, Jamie Kamen and David Schwartz, and included Mike Wiesner, Jason D Flaherty, John Narducci, Jamie Larkin, Josh Emmett, Sarah Schaedler, Daniel Forester, Jared Bobrow, Allen Babajanian, Katri Lahtinen, Heather Sussman, Thora Johnson, Matthew Coleman, Bob Lawrence, Julie Totten, Harry Clark, Christoph Brenner, Adrian Dengler, Amy Ray, Matthew Rose, Diana Gillis, Jennifer Clarke-Smith, Elena Kamenir, Haley Tynes, Jesse Beringer, Fiona Shajko, Emily Blanco, Aly Shivji, Robin Freedman, Bill Hughes and the Orrick Analytics Team.