Blackstone, Carlyle and Hellman & Friedman to buy majority stake in medical supplier Medline

Health, Fitness & Food

A worker at Medline Industries gathers exam gloves to include into Personal Protection Equipment (PPE) kits to be shipped out to various health facilities at their warehouse in Mundelein, Illinois, U.S., on Monday, Oct. 20, 2014. Photographer: Tim Boyle/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images

A group of private equity firms including Blackstone Group is nearing a deal to purchase medical supply manufacturer and distributor Medline Industries, The Wall Street Journal reports.

The sale could value Medline at more than $30 billion, people familiar with the matter told the paper.

Medline Industries, of Northfield, Illinois, makes 550,000 types of medical supplies for specialty medical facilities such as surgery centers, acute care facilities, nursing facilities, hospice care centers and hospital laundries, according to the company’s website. The family-owned company, which was founded in 1910 by A.L. Mills, now distributes to more than 125 countries.

Other firms involved in the deal include Carlyle Group and Hellman & Friedman, the Journal reported.

WSJ originally reported on Medline’s interest in a sale in April.

When reached by CNBC, a Blackstone spokesperson declined to comment. Representatives from Carlyle, Hellman and Medline weren’t immediately available.

Read the full report in The Wall Street Journal here.

Products You May Like

Articles You May Like

Merck Announces Supply Agreement with U.S. Government for Molnupiravir, an Investigational Oral Antiviral Candidate for Treatment of Mild to Moderate COVID-19
EMA Seeks More Data on Myocarditis After COVID-19 Shots
DFG funds four collaborative research centers at Goethe University
Study implicates placental protein as a possible regulator of an infant’s birthweight
New hormone treatment for advanced prostate cancer made available in England

Leave a Reply

Your email address will not be published. Required fields are marked *