Agiliti, Inc. (NYSE:AGTI) Q3 2023 Earnings Call Transcript

Jim Pekarek: What we have long prided ourselves on as a company is being on the right side of health care. What that means for us is we have the opportunity every time we go into one of our customers’ facilities to take on some of the work that they try to do for themselves and do it in a fundamentally different way. We don’t have a badge flip model where we trade their employees for our outsourced employees, which really runs the risk of just adding cost for them. Rather, we can help them when it comes to the medical devices they own. Free up the excess capital tied up and owning too many medical devices and the costs — the attending costs that come with supporting those devices, we can reduce their reliance on rental by driving the utilization of the equipment that they own.

We can reduce their costs of repairing and maintaining their medical devices because we focus our solutions on delivering a hard dollar financial return for our customers, it’s precisely when they’re in this place when they feel that financial pressure. I think that our conversations are most powerful with our customers.

Operator: There are no further questions at this time. I would like to turn the floor back over to Tom Leonard for closing comments.

Tom Leonard: So first, I want to thank everyone for the opportunity to speak with you today. I’m 6 weeks now back in the business. I’m very excited to have the opportunity to be here. This truly is a business with a bright future. And our near-term challenges are both obvious and I think very manageable. So we’re going to look forward to providing an update on our progress as we complete 2023. And as we share our goals as we turn the corner into a new year. And with that, I’ll go ahead and conclude today’s call.

Operator: This concludes today’s conference. Thank you for joining us. You may now disconnect your lines.