M&A Deal Summary

Agiliti Acquires Northfield Medical

On March 19, 2021, Agiliti acquired healthcare services company Northfield Medical from Frazier Healthcare Partners for 475M USD

Acquisition Highlights
  • This is Agiliti’s 1st transaction in the Healthcare Services sector.
  • This is Agiliti’s largest (disclosed) transaction.
  • This is Agiliti’s 5th transaction in the United States.
  • This is Agiliti’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-03-19
Target Northfield Medical
Sector Healthcare Services
Buyer(s) Agiliti
Sellers(s) Frazier Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 475M USD

Target

Northfield Medical

Novi, Michigan, United States
website
Northfield Medical is a company provider of surgical instrument repair and management services to acute care hospitals, ambulatory surgery centers and other alternate site providers in the U.S. Northfield Medical was founded in 1996 and is based in Novi, Michigan.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Agiliti

Minneapolis, Minnesota, United States

website


Category Company
Founded 1939
Sector Medical Products
Revenue 773M USD (2020)
DESCRIPTION

Agiliti is a nationwide provider of healthcare technology management and service solutions to the healthcare industry. Agiliti owns or manages more than 800,000 units of medical equipment for approximately 7,000 national, regional and local acute care hospitals and alternate site providers across the U.S. For nearly eight decades, Agiliti has delivered medical equipment management and service solutions that help clients reduce costs, increase operating efficiencies, improve caregiver satisfaction and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 5 of 6
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Michigan) 1 of 1
Country (United States) 5 of 6
Year (2021) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Mobile Instrument Service & Repair

Bellefontaine, Ohio, United States

Mobile Instrument Service & Repair, Inc. is a national independent service organization and ISO 13485:2016 certified provider of surgical equipment repair services to the healthcare industry. Mobile Instrument Service & Repair is based in Bellefontaine, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Sizewise Rentals

Lenexa, Kansas, United States

Sizewise Rentals is a manufacturer and provider of specialized bed frames, therapeutic surfaces and mobility equipment serving more than 3,000 customers in the acute and post-acute care markets with products that address the needs of bariatric, geriatric, pediatric and standard patient populations. Sizewise Rentals is based in Lenexa, Kansas.

Buy $230M

Seller(S) 1

SELLER
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


DEAL STATS #
Overall 20 of 27
Sector (Healthcare Services) 9 of 11
Type (Add-on Acquisition) 9 of 12
State (Michigan) 1 of 1
Country (United States) 20 of 27
Year (2021) 1 of 4
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 CSafe Global

Monroe, Ohio, United States

CSafe Global is a provider of cold chain packaging solutions that address the global supply chain needs of the biopharmaceutical industry. CSafe Global’s climate-controlled containers are designed to maintain high-value and temperature-sensitive biopharmaceutical cargo at precise temperatures for extended periods of time and in extreme external conditions. CSafe Global is based in Monroe, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Imago BioSciences

South San Francisco, California, United States

Imago BioSciences is a clinical-stage biopharmaceutical company discovering and developing novel small molecule product candidates that target lysine-specific demethylase 1 (LSD1), an enzyme that plays a central role in the production of blood cells in the bone marrow. Imago BioSciences was formed in 2012 and is based in South San Francisco, California.

Sell -