Agiliti, Inc. (AGTI): history, ownership, mission, how it works & makes money

A Brief History of Agiliti, Inc. (AGTI)

Company Formation and Early Years

Agiliti, Inc. was founded in 2020 as a spin-off of the medical equipment management services of the company, formerly known as Medinvest. The primary goal was to provide innovative healthcare solutions focusing on asset management and technology integration.

Acquisitions and Growth

In 2021, Agiliti acquired MedCare Equipment Company for approximately $100 million, enhancing its service offerings in the rental and sales of medical equipment.

Initial Public Offering (IPO)

Agiliti went public on June 8, 2021, with an initial stock price of $18 per share. The IPO raised about $170 million to fund further growth and expansion initiatives.

Financial Performance

For the fiscal year ending December 31, 2022, Agiliti reported:

Market Presence

As of 2023, Agiliti operates in over 45 states across the United States, servicing more than 7,000 healthcare facilities.

Recent Developments

In 2023, Agiliti announced a new partnership with a leading AI healthcare technology firm to integrate machine learning into its asset management processes, aiming for improved efficiency and predictive analytics.

Stock Performance

As of October 2023, the stock price of Agiliti, Inc. (AGTI) is approximately $14. The company has a market capitalization of about $1.1 billion.

Corporate Social Responsibility

Agiliti is committed to sustainability, reducing its carbon footprint by implementing energy-efficient technologies and practices, contributing to a 30% reduction in greenhouse gas emissions in its operations.

A Who Owns Agiliti, Inc. (AGTI)

Overview of Ownership Structure

As of the latest filings, Agiliti, Inc. (AGTI) has a diverse ownership structure that includes institutional investors, individual shareholders, and insiders.

Institutional Ownership

The institutional ownership of Agiliti, Inc. is significant, with various investment firms holding substantial stakes. The following table outlines the top institutional shareholders as of the latest data:

Insider Ownership

Insider ownership is another vital aspect of Agiliti’s ownership structure. The following table provides details on the top insiders holding shares in the company:

Retail Ownership

Retail ownership is also relevant, as individual investors hold a portion of Agiliti’s shares. Based on recent data, individual shareholders contribute approximately 25% of the total share ownership. The following table summarizes retail ownership:

Market Capitalization and Stock Performance

The market capitalization of Agiliti, Inc. stands at approximately $1.8 billion as of the latest stock price data. The stock price has experienced the following performance trends:

• Current Stock Price: $14.50
• 52-Week High: $16.00
• 52-Week Low: $10.00
• Year-to-Date Performance: +6.7%

Recent Changes in Ownership

In the recent quarter, there have been notable changes in ownership among institutional investors:

• The Vanguard Group increased its holdings by approximately 150,000 shares.
• State Street Corporation reduced its stake by 50,000 shares.
• BlackRock, Inc. acquired an additional 100,000 shares.

Agiliti, Inc. (AGTI) Mission Statement

Company Overview

Agiliti, Inc. (AGTI) is a prominent provider of healthcare technology management and services, focusing on optimizing the utilization of medical equipment. The company aims to deliver innovative solutions that enhance patient care and operational efficiency for healthcare providers.

Core Mission Statement

Agiliti’s mission is to improve healthcare outcomes by providing innovative, high-quality solutions and services that enable healthcare facilities to efficiently manage medical equipment.

Key Components of the Mission Statement

• Quality Services: Commitment to delivering top-tier healthcare technology management services.
• Innovation: Focus on developing and implementing advanced solutions tailored for the healthcare industry.
• Patient-Centered Care: Emphasis on enhancing patient outcomes through effective medical equipment management.
• Collaboration: Partnership with healthcare providers to understand their unique challenges and needs.

Financial Performance

As of September 30, 2023, Agiliti reported the following financial figures:

Strategic Goals

• Expand Market Reach: Aim to enter new regional markets and enhance service offerings.
• Invest in Technology: Prioritize investments in advanced technology for better equipment management solutions.
• Enhance Customer Experience: Continuously improve service delivery for greater customer satisfaction.
• Focus on Sustainability: Implement environmentally friendly practices in equipment management.

Employee Engagement

Agiliti, Inc. emphasizes the importance of a motivated workforce in achieving its mission. As of October 2023, the company reported:

Impact on Healthcare Industry

Agiliti, Inc. plays a pivotal role in shaping the healthcare landscape through its dedicated services. The company has positively influenced:

• Patient Care: Enhanced the safety and reliability of medical equipment leading to better patient outcomes.
• Operational Efficiency: Streamlined operations for healthcare providers, reducing downtime and costs.
• Technology Adoption: Accelerated the acceptance of advanced technologies in healthcare management.

Commitment to Community

The company underlines its commitment to corporate social responsibility, engaging in community support initiatives:

How Agiliti, Inc. (AGTI) Works

Company Overview

Agiliti, Inc. (AGTI) operates primarily as a healthcare service company, focusing on medical equipment management and technology solutions targeted at hospitals and other healthcare facilities. The company was founded in 2020 and has since established a significant presence in the medical equipment management sector.

Business Model

The business model of Agiliti is centered around three main service categories:

• Equipment Management: Offering comprehensive management of medical equipment, including procurement, maintenance, and logistics.
• Asset Tracking: Utilizing advanced tracking technologies to ensure efficient utilization and availability of medical assets.
• Turnkey Services: Providing hospitals with full-service management solutions that cover all aspects of equipment lifecycle management.

Revenue Generation

In the fiscal year 2022, Agiliti reported a revenue of approximately $1.2 billion, representing a year-over-year growth of 15% from the previous year. The revenue breakdown is as follows:

Market Position

Agiliti positions itself as a leader in the medical equipment management sector with a market share estimated at 12%. The company serves over 7,500 healthcare facilities across the United States. Its competitive advantage lies in its high-service levels and integrated technology solutions.

Financial Performance

As of Q2 2023, Agiliti’s net income stood at $45 million, with a gross margin of 34%. Key financial metrics include:

Technological Integration

Agiliti employs various technologies to enhance its service delivery:

• Telehealth Solutions: Providing remote monitoring and management of medical equipment.
• Data Analytics: Utilizing data analytics for predictive maintenance and inventory optimization.
• Cloud-Based Platforms: Enabling real-time access to asset information and management tools for healthcare providers.

Strategic Partnerships

Agiliti has formed strategic partnerships with several leading healthcare technology providers, which has enabled them to enhance their service offerings. Notable partnerships include:

• Partnership with GE Healthcare for advanced imaging solutions.
• Collaboration with Philips for patient monitoring technology.
• Alliance with Siemens Healthineers for integrated diagnostic solutions.

Future Outlook

Agiliti’s growth strategy includes expanding its service offerings, focusing on technology integration, and entering new markets. The company’s projections for 2023 anticipate a revenue growth of approximately 10-12%, highlighting its commitment to scaling operations and enhancing service delivery.

How Agiliti, Inc. (AGTI) Makes Money

Overview of Business Model

Agiliti, Inc. operates within the healthcare sector, providing innovative solutions for medical equipment management. The company primarily earns revenue through the following segments:

• Healthcare Equipment Management
• On-Demand Medical Equipment Services
• Rental Services
• Sales of Medical Equipment

Revenue Breakdown

The revenue for Agiliti can be categorized into several key income streams:

Key Financial Metrics

Agiliti, Inc. reported the following key financial figures for the fiscal year ending 2022:

• Total Revenue: $295 million
• Net Income: $25 million
• EBITDA: $50 million
• Gross Margin: 45%

Market Position and Growth

As of 2023, Agiliti held a significant market share in healthcare equipment management with an expected annual growth rate of 8% over the next five years. The company's competitive advantage is rooted in:

• Advanced asset management technology
• Extensive service network
• Strong customer relationships

Cost Structure

The cost structure of Agiliti, Inc. is influenced by various operational expenses which include:

Strategic Partnerships and Collaborations

Agiliti has established key partnerships with major healthcare providers and technology firms to enhance its service offerings. Notable collaborations include:

• Partnership with a leading hospital network for equipment sourcing
• Collaboration with medical technology companies for advanced solutions

Future Projections

For 2023, Agiliti anticipates continued growth, with projected revenues estimated to reach $320 million and EBITDA around $55 million.