Duke Street to acquire Agito Medical from Philips.

Duke Street, a private equity firm, agreed to acquire Agito Medical, a provider of medical equipment and rental solutions to hospitals, clinics, and distributors, from Philips, a technology company. Financial terms were not disclosed. “We are very pleased to acquire AGITO, a market-leading business that we believe represents a significant opportunity for Duke Street and our investors. Our investment in AGITO represents a classic Duke Street deal: a carve-out from a globally recognised business, acquisition of an excellent healthcare product and a talented team that we back, fuelled by an investment programme that will create value for all. This business has great potential to scale further and cement its position as a core partner to public and private health systems across Europe. The Duke Street team and I look forward to working closely with the team at AGITO to realise that opportunity,” James Almond, Duke Street Managing Partner.