Minneapolis-based Agiliti Acquires Zetta Medical
Minneapolis-based healthcare technology solutions provider Agiliti Inc. announced Tuesday that it has acquired Illinois-based medical imaging equipment company Zetta Medical Technologies LLC.
Tom Leonard, CEO of Minneapolis-based Agiliti, said the acquisition is intended to build Agiliti’s presence in the clinical engineering space.
“Zetta’s specialized capabilities and technical expertise are an ideal complement to our expanding platform of clinical engineering services,” Leonard said in a statement. “Our teams share a common approach… [and] I look forward to delivering our combined capabilities to customers.”
Financial terms of the deal weren’t disclosed.
Agiliti is the result of a 2018 merger between the nearly 80-year-old Universal Hospital Services and Boston-based Federal Street Acquisition Corp. (FSAC). Agiliti provides healthcare management and service solutions—including more than 800,000 units of medical equipment—for about 7,000 national, regional, and local acute care hospitals and alternate site providers across the country.
In 2016, the company completed the acquisition of Radiographic Equipment Services (RES).
The latest merger marks Agiliti’s latest attempt to expand its offerings. The additions of Zetta and RES reflect the company’s “commitment to invest in capabilities that help advance the clinical, financial, and operational health of our customers,” Leonard said.
Zetta founder and president Mike Ghazal said the transaction will enable the company to expand its customer reach as “part of a broader, value-based solution portfolio.”
A national provider for notable brands such as Toshiba and Phillips, Zetta specializes in clinical engineering services, parts, and pre-owned equipment for medical imaging modalities.
“Over the past 12 years, we’ve built a strong reputation as a highly skilled and reliable partner,” said Ghazal. “Agiliti shares our commitment to service, customer responsiveness and uncompromising quality.”