Medline - M&A Summary, Ownership, and Business Overview

Medical ProductsCompany

Medline M&A Summary

Medline has acquired 10 companies of its own, including 6 in the last 5 years.

Medline’s largest acquisition to date was in 2019, when it acquired AngioDynamics - NAMIC Fluid Management Portfolio for $168M. Medline has acquired in 6 different US states, and 4 countries. The Company’s most targeted sectors include medical products (90%) and consumer products (10%).

Medline Ownership

Who owns Medline?

Medline is owned by GIC, Hellman & Friedman, The Blackstone Group and The Carlyle Group. It was acquired on June 5, 2021.

Is Medline PE-backed?

Yes. Medline is owned by private equity investors GIC, Hellman & Friedman, The Blackstone Group and The Carlyle Group.

Medline Business Overview

Where is Medline headquartered?

Medline is headquartered in Northfield, Illinois.

How many employees does Medline have?

Medline has 28,000 employees.

What sector is Medline in?

Medline is a medical products company.

When was Medline founded?

Medline was founded in 1966.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 6

Medline

Medline Industries, Inc.

Three Lakes Drive,
Northfield, Illinois 60093
United States,
(847) 643-3292
www.medline.com

Medline is a healthcare company: a manufacturer, distributor and solutions provider focused on improving the overall operating performance of healthcare. Medline works with both the country’s largest healthcare systems and independent facilities across the continuum of care to provide the clinical and supply chain resources required for long-term financial viability in delivering high quality care.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 5 2 1 1 - 1 10
vol $168M $29M $197M
Sell (0.0/yr) # - - - - - - 0
  10

Most Recent M&A

Company Date Value Type
United Medco 2024-01-10 - Add-on Acquisition
Coral Springs, Florida · www.united-medco.com
Asid Bonz GmbH 2022-04-04 - Divestiture
Herrenberg, Germany · www.asid-bonz.de
Hudson Respiratory Care, Inc. 2021-05-18 - Divestiture
Research Triangle Park, North Carolina · www.hudsonrci.com
Convatec Group Plc - SensiCare and Aloe Vesta 2020-08-06 29M USD Divestiture
, United Kingdom
Medi-Select Ltd. 2020-01-16 - Add-on Acquisition
Québec, Quebec · www.medi-select.ca
AngioDynamics, Inc. - NAMIC Fluid Management Portfolio 2019-04-17 168M USD Divestiture
Latham, New York
NeuroGym Technologies, Inc. 2018-07-10 - Add-on Acquisition
Ottawa, Ontario · www.neurogymtech.com
Centurion Medical Products Corp. 2017-11-01 - Add-on Acquisition
Williamston, Michigan · www.centurionmp.com
Aplicare, Inc. 2017-08-22 - Divestiture
Meriden, Connecticut · www.aplicare.com
Nestlé Health Science - Compat Line of Pumps and Administration Sets 2015-06-30 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 9 (90%) 168M (85%) - -
Consumer Products 1 (10%) 29M (15%) - -
Total 10 $197M - -

By Geo

State/Country Buy Value Sell Value
United States 6 168M - -
  North Carolina 1 - - -
  New York 1 168M - -
  Michigan 1 - - -
  Florida 1 - - -
  Connecticut 1 - - -
Canada 2 - - -
  Quebec 1 - - -
  Ontario 1 - - -
Germany 1 - - -
United Kingdom 1 29M - -
Domestic 6 (60%) 168M (85%) - -
Cross-border 4 (40%) 29M (15%) - -
Total 10 $197M - -

Deal Values

buy # Total
$100M to $1B 1 $168M
< $100M 1 $29M
TOTAL $197M
Largest AngioDynamics, Inc. - NAMIC Fluid Management Portfolio
$168M (2019-04-17)

M&A Connections

Deals
Acquired from
Strategic(s)
60%
6 (60%)

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