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

Medical ProductsCompany

Medline M&A Summary

Medline has acquired 11 companies of its own, including 6 in the last 5 years.

Medline’s largest acquisition to date was in 2024, when it acquired Ecolab - Global Surgical Solutions Business for $950M. Medline has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include medical products (91%) 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 Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 7

Medline

Medline Industries, Inc.

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

Medline is a vertically integrated manufacturer and distributor of medical surgical products to hospitals, post-acute facilities and physician offices. Medline’s global manufacturing, sourcing and distribution network enables it to partner with healthcare providers globally, delivering products and solutions that reduce costs, increase supply chain efficiency and improve overall quality of care. Medline was founded in 1966 and is based in Northfield, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 7 1 1 - 2 - 11
vol $197M $950M $1.1B
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
Ecolab - Global Surgical Solutions Business 2024-08-01 950M USD Divestiture
St. Paul, Minnesota
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 10 (91%) 1.1B (97%) - -
Consumer Products 1 (9%) 29M (3%) - -
Total 11 $1.1B - -

By Geo

State/Country Buy Value Sell Value
United States 7 1.1B - -
  North Carolina 1 - - -
  New York 1 168M - -
  Minnesota 1 950M - -
  Michigan 1 - - -
  Florida 1 - - -
  Connecticut 1 - - -
Canada 2 - - -
  Quebec 1 - - -
  Ontario 1 - - -
Germany 1 - - -
United Kingdom 1 29M - -
Domestic 7 (64%) 1.1B (97%) - -
Cross-border 4 (36%) 29M (3%) - -
Total 11 $1.1B - -

Deal Values

buy # Total
$100M to $1B 2 $1.1B
< $100M 1 $29M
TOTAL $1.1B
Largest Ecolab - Global Surgical Solutions Business
$950M (2024-08-01)

M&A Connections

Deals
Acquired from
Strategic(s)
64%
7 (64%)

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