5/16/2023 0 Comments Sizewise bariatric beds![]() Actual performance may differ significantly from backtested performance. ![]() Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. ![]() Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Oracle Delivers Mixed Q1 Results Shares Dip 1.7%ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Gallagher Snaps Up Lloyd Bedford Cox, Impresses at Investor Day WM Technology Snaps Up Sprout Shares JumpĪrthur J. Shares have exploded 286.4% year-to-date. The average Agiliti price target of $26.25 implies 18.1% upside potential to current levels. Overall, the stock commands a Strong Buy consensus rating based on 4 unanimous Buys. Recently, Goldman Sachs analyst Amit Hazan lowered the price target on the Agiliti stock to $37 (66.5% upside potential) from $43 while maintaining a Buy rating. The combination builds on our existing geographic footprint and adds relevant scale to our Equipment Solutions service line while simultaneously expanding our capabilities to bring differentiated products and services to market for our customers.” Upon closing, the acquisition will add $5 million to annual cost synergies in the first year, growing to $15 million by the third year.Īdditionally, the acquisition of Sizewise adds several benefits to Agiliti, namely, building on its unique, at-scale infrastructure by optimizing its complementary distributed operations network, strengthening its supply chain capabilities, expanding the company’s value proposition by further addressing the needs of bariatric patients and those at risk of skin and fall injury, and aligning with the company’s proven, end-to-end service model.Ĭommenting on the deal, Tom Leonard, CEO of Agiliti, said, “The acquisition of Sizewise is a perfect example of our ‘overlap and extend’ approach to M&A. The company generated revenue of $155 million and adjusted EBITDA of $30 million for the twelve months ending June 30, 2021.īy integrating Sizewise with Agiliti’s equipment solutions service line, the company broadens its portfolio and clinical expertise within the equipment services market, expands its total addressable market, and targets meaningful growth and cost reduction synergies. Sizewise serves more than 3,000 customers in the acute and post-acute care markets, with a focus on the needs of bariatric, geriatric, pediatric, and standard patient populations. Shares jumped 8.5% following the news, closing at $22.22 on September 14. healthcare industry, serving more than 7,000 national, regional, and local acute care and alternate site providers across the U.S. The purchase consideration will be financed by cash and debt, and the deal is expected to close early in Q4, subject to certain closing conditions.Īgiliti is an essential services provider to the U.S. ( AGTI) announced a stock purchase deal valued at $230 million to buy Sizewise Rentals, LLC, a manufacturer and distributor of specialty hospital beds, therapeutic surfaces, and patient handling equipment.
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