Thomas H. Lee Partners (THL) will take portfolio company Agiliti private, according to a news release.

THL is currently Agiliti’s majority shareholder. The firm will acquire all outstanding shares of Agiliti common stock for $10 per share in cash, implying an enterprise value of approximately $2.5 billion.

Agiliti, founded in 1939 and based in Minneapolis, is a national provider of medical technology management and service solutions to the healthcare industry.

THL, based in Boston, is a private equity firm investing in middle market growth companies in three sectors, including healthcare. Founded in 1974, the firm typically targets companies with enterprise values between $250 million and $2.5 billion.