Universal Hospital Services, Inc., (UHS) a national provider of healthcare technology management and service solutions, has officially rebranded as Agiliti. Company officials say the name change reflects Agiliti’s comprehensive offerings, which enable “safer and more efficient medical equipment management processes for healthcare providers.”

“Agiliti is a new name for a known and trusted leader in healthcare services,” says Tom Leonard, CEO of UHS, now Agiliti. “We are proud to serve more than 7,000 customers with an end-to-end solution called Equipment Value Management that helps providers reduce the cost and complexity of owning and maintaining medical equipment, streamline operating workflows, and free clinicians to spend more time with patients. Agiliti represents our shared team belief that every interaction has the power to change a life—a promise demonstrated in our everyday approach to serving customers and their patients.”

UHS was originally founded in Minneapolis in 1939 as the ABC Oxygen Tent Rental Company, and subsequently renamed Universal Hospital Services, Inc. in 1969. Today, the company delivers services that include on-demand medical equipment rental, biomedical equipment repair, testing and maintenance, and the full-service onsite management of equipment within healthcare facilities. Headquartered in Minneapolis, its more than 3,000 employees operate through a network of 86 local market service and repair centers and five biomedical maintenance and repair Centers of Excellence.

“The name Agiliti celebrates our 80-year history of round-the-clock service to healthcare providers, powered by a nationwide logistics and repair network of highly trained technicians who rapidly respond to customer needs with an integrated solution for the management and maintenance of medical equipment,” Leonard says. “With Agiliti, providers are assured the patient-ready technology and equipment they need, when and where needed, with the confidence it is maintained to the highest industry standard.”

On August 13, Federal Street Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Thomas H. Lee Partners, L.P., and UHS Holdco, Inc., the holding company of UHS and a portfolio company of Irving Place Capital Management, L.P., announced that they had entered into a definitive merger agreement. Under the terms of the deal, FSAC and UHS would combine under a new holding company named Agiliti, Inc. Completion of the transaction is subject to customary and other closing conditions, including stockholder approval.