Agiliti’s $230 Million Acquisition of Sizewise Rentals

Orrick Herrington & Sutcliffe advised Sizewise on the deal.

Sizewise Rentals announced 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 (Picture), 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.

Involved fees earner: Allen Babajanian – Orrick Herrington & Sutcliffe LLP; Jesse Beringer – Orrick Herrington & Sutcliffe LLP; Jared Bobrow – Orrick Herrington & Sutcliffe LLP; Christoph Brenner – Orrick Herrington & Sutcliffe LLP; Harry Clark – Orrick Herrington & Sutcliffe LLP; Jennifer Clarke-Smith – Orrick Herrington & Sutcliffe LLP; Matthew Coleman – Orrick Herrington & Sutcliffe LLP; Adrian Dengler – Orrick Herrington & Sutcliffe LLP; Heather Egan Sussman – Orrick Herrington & Sutcliffe LLP; Joshua Emmett – Orrick Herrington & Sutcliffe LLP; Jason Flaherty – Orrick Herrington & Sutcliffe LLP; Daniel Forester – Orrick Herrington & Sutcliffe LLP; Robin Freedman – Orrick Herrington & Sutcliffe LLP; David Gold – Orrick Herrington & Sutcliffe LLP; Bill Hughes – Orrick Herrington & Sutcliffe LLP; Thora Johnson – Orrick Herrington & Sutcliffe LLP; Julie Totten – Orrick Herrington & Sutcliffe LLP; Jamie Kamen – Orrick Herrington & Sutcliffe LLP; Elena Kamenir – Orrick Herrington & Sutcliffe LLP; Jamie Larkin – Orrick Herrington & Sutcliffe LLP; Robert Lawrence – Orrick Herrington & Sutcliffe LLP; John Narducci – Orrick Herrington & Sutcliffe LLP; Amy Ray – Orrick Herrington & Sutcliffe LLP; Matthew Rose – Orrick Herrington & Sutcliffe LLP; Sarah Schaedler – Orrick Herrington & Sutcliffe LLP; David Schwartz – Orrick Herrington & Sutcliffe LLP; Fiona Shajko – Orrick Herrington & Sutcliffe LLP; Alykhan Shivji – Orrick Herrington & Sutcliffe LLP; Haley Tynes – Orrick Herrington & Sutcliffe LLP; Michael Wiesner – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: Sizewise Rentals;

Author: Martina Bellini