Medline, the largest privately held manufacturer and distributor of medical supplies in the U.S., has made a number of strategic investments and deals this year. Here are six, as reported by Becker's Hospital Review:
- Medline said Oct. 15 it plans to invest $77.5 million to build a distribution center in Bonner Springs, Kan. The distribution center is part of a $500 million investment the company made this year to increase supply chain efficiency and reliability. The facility will create about 350 construction jobs and another 100 jobs once it opens.
- The company in August opened a 1.3-million-square-foot distribution center in Katy, Texas. It will employ almost 400 workers and allow faster delivery times of critical medical supplies to Texas hospitals.
- Medline bought a significant portion of Teleflex's respiratory device business in June for $286 million in cash. The product line generated $139 million in revenue in 2020.
- In June, the company received a $30 billion investment from three private equity firms — Blackstone, Carlyle and Hellman & Friedman — which partnered with Singapore's sovereign wealth fund, GIC, to make the investment. Medline remained a privately held, family-led company and the senior management team remained intact.
- Medline said in May that a three-year campaign, the Medline Healthcare Resilience Initiative, that included a $1.5 billion investment in distribution centers and manufacturing capabilities, has added hundreds of new jobs and expanded the medical supply maker's footprint.
- Medline in April said it is building a $75 million supply facility in St. Peters, Mo., near St. Louis. The facility will be 840,000 square feet, and Medline plans to hire about 100 new workers in its first year of operation.