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
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.

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Buyer(S) 1

Buyer

Agiliti

Eden Prairie, Minnesota, United States
Category Company
Founded 1939
Sector Medical Products
Revenue 1.2B USD (2023)
DESCRIPTION

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. The company serves over 10,000 national, regional, and local acute care and alternate site providers across the U.S. It delivers medical equipment management and service solutions that help healthcare providers reduce costs, increase operating efficiencies, and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Eden Prairie, 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

Frazier Healthcare Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
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 -
Mergr

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