Medline Industries seeks possible sale


Should Medline Industries look to sell the company in a deal that could fetch $30 billion, the company would likely attract private-equity bidders such as Blackstone Group, KKR and Carlyle Group, according to the Wall Street Journal.

The family-owned Northfield, Ill.-based company is reportedly considering a sale, an IPO or even selling a minority stake, and hired Goldman Sachs Group to explore options, the Journal reported.

Medline, which manufactures and distributes medical equipment, has annual sales of $17.5 billion, according to its website.

The company was founded in 1966 by brothers James and Jon Mills and went public in 1972, according to the report, which said that they repurchased shares five years later after decided they were being undervalued by investors.

Mills died in 2019; his son Charlie is the current CEO.


Source: modernhealthcare.com

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