top of page

That's B for Billion

Updated: Sep 1, 2021

A leveraged buyout with a total value of $34 billion makes the Medline Industries, Inc. deal one of the largest leveraged buyouts in a decade. The deal is expected to close in late 2021.

How large is Medline?

With 2020 revenues of $17.5 billion and 28,000 employees, Medline calls itself "the nation's largest privately-held manufacturer and distributor of healthcare supplies." Foot and ankle represents a small fraction of this, yet it is one of the fastest year on year growth centers within the company.


The deal

The buyers, according to a Medline press release, are a partnership consisting of funds managed by Blackstone, Carlyle, Hellman & Friedman and GIC – Singapore's sovereign wealth fund. The largest single shareholder will continue to be the Mills family who will retain leadership.


Recent Posts

See All

Exactech Declares Bankruptcy

Exactech, founded by orthopedic surgeon Dr. Bill Petty in 1985, evolved into a big player in the orthopedic space, achieving revenues of...

That's Not Going to Help Sales!

Media outlets with large audiences have been focusing on Crocs, and not in a good way. Not enough support  A Health News from NPR segment...

And the 2024 AOFAS Awards Go to ...

The  AOFAS annual meeting  was held in Vancouver British Columbia in September. The robust program featured many standout presentations,...

Comments


FIX Masthead 2000x318 v2.jpg
bottom of page