Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe and sustainable healthcare delivery system. We ensure healthcare providers have the critical medical equipment they need to care for patients—wherever and whenever it’s needed—with a service model that helps lower costs, reduce waste and maintain the highest quality standard of medical device management in the industry. We believe we are one of the leading experts in the management, maintenance and mobilization of mission-critical, regulated, reusable medical devices. 

We commenced operations in 1939, originally incorporated in Minnesota in 1954, and reincorporated in Delaware in 2001. Since January 2019, we have been controlled by the THL Stockholder. (Note: THL Stockholder refers to THL Agiliti LLC, an affiliate of Thomas H. Lee Partners, L.P., a private equity firm. After the IPO, Thomas H. Lee Partners will own about 78.4 percent of Agiliti’s outstanding common stock, the prospectus says.)

Our diverse customer base includes approximately 7,000 active national, regional and local acute care hospitals, health system integrated delivery networks and alternate site providers (such as surgery centers, specialty hospitals, home care providers, long-term acute care hospitals and skilled nursing facilities). We serve the federal government as well as a number of city and state governments, providing management and maintenance of emergency equipment stockpiles, and we are an outsourced service provider to medical device manufacturers, supporting critical device remediation and repair services.

(Note: Agiliti priced its IPO at $14 – far below its $18-to-$20 range – on 26.32 million shares, the same number of shares as in the prospectus, to raise $368.48 million.)