Private equity group buying medical products company Medline for $30 billion

📆 06/06/2021 07:45:00
📰 CNN

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A group of private equity firms, including Blackstone Group , Carlyle Group and Hellman & Friedman, is buying medical supply maker and distributor Medline in a sale valued at over $30 billion, including debt, according to people familiar with the deal.

New York A group of private equity firms, including Blackstone Group , Carlyle Group and Hellman & Friedman, is buying medical supply maker and distributor Medline in a sale valued at more than $30 billion, including debt, according to people familiar with the deal.

Northfield, Illinois-based Medline Industries, one of the largest manufacturers and suppliers of health care products like devices, medical clothing and bandages, logged $17.5 billion in revenue in 2020. The privately held company, founded in 1910 by A.J. Mills, is still led by the Mills family.

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Next step: Jack up the prices

This can’t be good for anyone. ☹️

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