Agiliti

What Agiliti does

Agiliti is a Minneapolis-based medical equipment rental and healthcare technology management provider serving U.S. hospitals and health systems. The company rents patient-ready equipment across multiple categories, including specialty beds, respiratory therapy equipment, surgical lasers, and alternating pressure support systems, delivered under ISO 13485:2016-certified quality standards. Its portfolio is anchored by a recurring rental model that allows hospitals to convert capital expenditure into operating expense, an approach the company cites as reducing upfront capital outlays by up to 80% relative to purchasing.

The business operates on a subscription-style recurring rental revenue model with direct-to-hospital distribution and in-house biomedical service. Agiliti has scaled through a sustained M&A program, most notably the 2021 acquisition of Sizewise Rentals ($230 million) for geographic expansion and the 2021 Northfield Medical deal ($475 million) for specialty equipment breadth. In 2026, Agiliti secured exclusive U.S. distribution rights for VitalGo Systems' Total Lift Bed, an ICU bed enabling supine-to-standing patient transitions for early mobility protocols including ECMO patients, extending its presence into critical-care mobility.

Revenue has grown from approximately $613 million in 2019 to roughly $1.17 billion in 2023 (reported financial data), though growth has decelerated from a 2020–2021 peak and EBITDA has compressed from $296 million (2021) to $243 million (2023) with a net loss of approximately $19 million in 2023. The company was previously listed on the NYSE under ticker AGTI and is now delisted; it employs between 1,001 and 5,000 people and operates in a fragmented market of 150+ competitors serving a global rental/leasing market that exceeded $60 billion in 2026.

Name

Agiliti

Legal name

Agiliti, Inc.

Website

https://agilitihealth.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Agiliti rents patient-ready medical equipment, including specialty beds, respiratory, and surgical devices, to U.S. hospitals under ISO 13485-certified recurring rental contracts, delivering capital-expenditure flexibility and in-house biomedical service.

Ownership category

akta.pro rank

Product category

Medical Equipment Rental and Healthcare Technology Management

NAICS

Medical Equipment and Supplies Manufacturing (33911)

SIC

Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)

akta.pro primary industry

Medical Supplies & Consumables Wholesale (Non-Device) (CRAOAHAE)

Keywords

• Medical equipment rental
• Healthcare technology management
• Medical device leasing
• Hospital equipment services
• Clinical equipment solutions

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Medical Equipment Rental: Rental of medical equipment to healthcare providers including beds, respiratory therapy, and surgical lasers. Equipment is delivered patient-ready with high quality standards.
2. Specialty Equipment Services: Specialized medical equipment services through geographic expansion via acquisitions

Distribution channels1 record

Marketing channels2 records

Core offering

Agiliti provides medical equipment rental and healthcare technology management services to hospitals and healthcare systems. The company delivers patient-ready medical equipment across categories including beds, respiratory therapy, and surgical lasers, operating under ISO 13485:2016 certified quality standards. Agiliti also offers specialty equipment services and exclusive U.S. distribution of advanced products such as the Total Lift Bed ICU solution.

Product overview

Agiliti is a medical equipment rental provider offering a portfolio of patient-ready equipment across multiple categories including beds, respiratory therapy, and surgical lasers. The company operates as a single unified offering with products and services including the Total Lift Bed (acquired through an exclusive agreement with VitalGo Systems), the Alternating Pressure Support System, and general medical equipment rental services. Sizewise Rentals was acquired to expand geographic presence and specialty equipment services. The company emphasizes ISO 13485:2016 quality standards in delivering its equipment.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Equipment Rental
• Total Lift Bed
• Alternating Pressure Support System
• Sizewise Rentals (Specialty Equipment Services)

Quantifiable outcome

• Hospitals adopting leasing models reduce upfront capital expenditure by up to 80%
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• VitalGo Systems Ltd.coreOEM/ Whitelabel/ Licensing Partner · 16 June 2026Agiliti entered into an exclusive agreement with VitalGo Systems Ltd. to become the sole U.S. provider of the Total Lift Bed, an ICU bed capable of safely transitioning patients from supine to standing position without leaving the bed. The Total Lift Bed supports early mobility and rehabilitation protocols for high acuity patients including those on ECMO therapy. The agreement expands Agiliti's portfolio of integrated product and service solutions targeting complications from prolonged patient immobility in the ICU.
• Sizewise RentalscoreStrategic or Co-development Partner · 14 September 2021Agiliti announced plans to acquire Sizewise Rentals for $230 million through stock, financed by cash and debt. The acquisition aimed to expand Agiliti's geographic presence and enhance its specialty equipment services, with completion expected in Q4 2021.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Med One Group: Specializes in medical equipment rental, leasing, and sales to hospitals and surgery centers with a portfolio covering patient monitoring, ventilators, and infusion devices. Comparable to Agiliti in offering flexible rental and lease structures to U.S. healthcare providers, though smaller in scale.
• Universal Hospital Services (UHS): One of the closest direct competitors to Agiliti in U.S. medical equipment rental and lifecycle services to hospitals. Operates a similar rental fleet model for movable medical equipment, making it a highly comparable peer for fleet utilization, customer overlap, and competitive dynamics.

Others

• Cryoport Systems: Specialized temperature-controlled logistics and equipment rental for life sciences, biopharma, and clinical trial materials. Tangentially comparable to Agiliti in handling specialized, regulated medical equipment for healthcare-adjacent customers, with overlap in temperature-sensitive and high-touch asset management.
• Sodexo Healthcare: Operates healthcare facility services worldwide, including medical equipment management contracts for hospitals. Comparable to Agiliti as an outsourced healthcare services provider, though Sodexo's scope is broader and equipment rental is not its core business.
• Owens & Minor: Medical-surgical product distribution and healthcare supply chain services company. Comparable to Agiliti in serving U.S. hospitals with equipment and supply solutions, though Owens & Minor primarily distributes disposable medical supplies rather than rents capital equipment.
• McKesson: Largest U.S. pharmaceutical and medical supply distributor, with adjacent medical equipment distribution businesses. Relevant as a broader healthcare distribution comparator for go-to-market dynamics with hospital customers, though not a direct rental competitor.
• Aramark Healthcare: Provides healthcare support services to hospitals, including equipment-related managed services adjacent to Agiliti's healthcare technology management offering. Relevant as a service-model peer addressing the same hospital customers, though operating as a facility services generalist.

Broad incumbents

• Baxter International (Hill-Rom): Acquired Hill-Rom in 2021, giving Baxter a portfolio including hospital beds, ICU solutions, and patient monitoring. Provides overlapping capabilities with Agiliti's bed and specialty equipment rental business, but as part of a much larger, diversified medical products manufacturer.
• Getinge: Global medical technology company offering ICU solutions, surgical workflows, and sterilization equipment. Comparable to Agiliti in serving ICU and surgical customers with capital equipment, though Getinge is primarily a manufacturer with service attachments rather than a rental specialist.
• Stryker: Major medical technology company whose products include hospital beds, stretchers, and surgical equipment that overlap with Agiliti's rental categories. Comparable as a potential OEM competitor and as a partner reference, though Stryker primarily sells rather than rents.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/uhssolutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agiliti