Blackstone group nears deal to buy medical-supply giant Medline Industries for over $30 billion, according to people familiar with the matter
Including debt, the transaction would be valued at about $34 billion, and north of $30 billion excluding borrowings, the people said. That could potentially make it the largest healthcare LBO ever.Based in Northfield, Ill., family-owned Medline is a little-known but major player in the field of medical equipment. It manufactures and distributes equipment and supplies used in hospitals, surgery centers, acute-care and other medical facilities in over 125 countries. It has some $17.
The family will remain the single largest shareholder in the company after the buyout and the management team will remain in place, some of the people said.
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