Posted on: June 5, 2021 Posted by: Betty Lee Comments: 0

A employee at Medline Industries gathers examination gloves to incorporate into Private Safety Gear (PPE) kits to be shipped out to numerous well being services at their warehouse in Mundelein, Illinois, U.S., on Monday, Oct. 20, 2014. Photographer: Tim Boyle/Bloomberg by way of Getty Photographs

Bloomberg | Bloomberg | Getty Photographs

A gaggle of personal fairness corporations together with Blackstone Group is nearing a deal to buy medical provide producer and distributor Medline Industries, The Wall Road Journal experiences.

The sale might worth Medline at greater than $30 billion, individuals accustomed to the matter informed the paper.

Medline Industries, of Northfield, Illinois, makes 550,000 forms of medical provides for specialty medical services similar to surgical procedure facilities, acute care services, nursing services, hospice care facilities and hospital laundries, in response to the firm’s web site. The family-owned firm, which was based in 1910 by A.L. Mills, now distributes to greater than 125 international locations.

Different corporations concerned within the deal embody Carlyle Group and Hellman & Friedman, the Journal reported.

WSJ initially reported on Medline’s curiosity in a sale in April.

When reached by CNBC, a Blackstone spokesperson declined to remark. Representatives from Carlyle, Hellman and Medline weren’t instantly obtainable.

Learn the complete report in The Wall Road Journal right here.

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