Minneapolis-based Agiliti Inc., an essential service provider to the U.S. healthcare industry, has acquired Northfield Medical Inc., a Novi, Mich.-based nationwide provider of surgical equipment repair services, in a stock purchase transaction valued at $475 million.

Northfield Medical provides service and repair of medical devices, specializing in the repair of endoscopes, surgical instruments, and other operating room equipment. The company is headquartered near Detroit and operates a nationwide network of local, in-market repair centers and five ISO 13485:2016 Centers of Excellence.