Agiliti, Inc. - AGTI STOCK NEWS

Harbour Point Capital (HPC) has completed a new investment in Midwest Medical Transport (MMT), a leading provider of ambulance services. The investment will enhance MMT's capabilities to accelerate growth across existing and new markets. MMT serves over 200,000 patients annually across 10 states, establishing itself as a market leader in inter-facility transportation. Former Agiliti Health president, Kevin Ketzel, joins MMT's board to help drive this expansion. The recapitalization saw prior investors sell their stakes, with undisclosed details on the transaction.

Agiliti Inc. (NYSE: AGTI) reported strong financial results for Q3 2021, achieving a 35% year-over-year revenue growth to $262 million. Net income rose to $9.7 million, a significant improvement from a net loss of $10.2 million last year. Adjusted EBITDA climbed 46% to $82 million. The company has raised its full-year revenue guidance to $1.01-$1.02 billion and adjusted EBITDA to $300-$310 million. Agiliti also completed the acquisition of Sizewise Rentals to enhance its service offerings.

Agiliti Inc. (NYSE: AGTI) will release its third quarter financial results on November 9, 2021, after market close, followed by a conference call at 5 p.m. Eastern Time. Investors can participate via phone or through a live webcast on the company's Investor Relations website. The call will be available for replay until November 16, 2021. Agiliti serves over 7,000 healthcare providers in the U.S., offering solutions aimed at increasing efficiency and improving patient outcomes.

Agiliti, Inc. has completed its acquisition of Sizewise Rentals, a manufacturer of specialized hospital equipment. The deal, financed using cash on hand and a $150M Term Loan B, aims to enhance Agiliti's service offerings in the healthcare sector. The company intends to provide updated financial guidance, including Sizewise's expected contribution, during its quarterly results announcement for the period ending September 30, 2021. This strategic acquisition is expected to bolster Agiliti's ability to serve healthcare providers across the U.S.

Agiliti has announced its acquisition of Sizewise Rentals for $230 million, enhancing its service offerings in specialty equipment. The deal is expected to generate $5 million in annual cost synergies in the first year, growing to $15 million by year three. Sizewise, which generated $155 million in revenues for the twelve months ended June 30, 2021, will broaden Agiliti's market presence and operational capabilities. Expected to close in Q4 2021, this acquisition aligns with Agiliti's strategy to expand its portfolio within the growing specialty equipment services market.

Agiliti Inc. (NYSE: AGTI) announced its participation in the Morgan Stanley 19th Annual Global Healthcare Conference on September 9, 2021, at 11:00 a.m. Eastern Time. The company will engage in 1x1 investor meetings and host a fireside chat. Investors can listen to the live webcast through the Investor Relations section on Agiliti's website. Agiliti is a key service provider in the U.S. healthcare sector, supporting over 7,000 healthcare providers with solutions aimed at improving efficiency and patient outcomes.

Agiliti, Inc. (NYSE: AGTI) reported a 35% increase in Q2 2021 revenue, reaching $251 million, amid a net loss of $5.2 million. Adjusted EBITDA grew to $78 million, with diluted earnings per share improving to $0.23. The company raised its full-year revenue guidance to between $965 million and $980 million, signaling growth of 25-27%. Adjusted EBITDA is now expected to be between $280 million and $290 million, representing 20-24% growth. Agiliti's ongoing contract with HHS for ventilator services has been extended for 60 days, with intentions to compete for a new contract award.

Agiliti Inc. (NYSE: AGTI) will release its second quarter results on August 12, 2021, after market close, followed by a conference call at 5 p.m. ET. Investors can join the call by dialing 1-877-407-0792 or accessing a webcast via the company's Investor Relations webpage. Agiliti supports over 7,000 healthcare providers across the U.S. with essential medical equipment management services, enhancing operational efficiency and patient outcomes in the healthcare delivery system.

Agiliti (NYSE: AGTI), a leader in healthcare technology management, will participate in the Goldman Sachs 42nd Annual Global Healthcare Conference. The company has scheduled 1x1 investor meetings and a fireside chat at 5:30 p.m. Eastern Time on June 8, 2021. Investors can access the webcast via the Investor Relations section on Agiliti's website. With over 80 years of experience, Agiliti provides essential services to more than 7,000 healthcare providers in the U.S., focusing on efficient and sustainable healthcare delivery.