Private equity group buying medical products company Medline for $30 billion
CNN
A group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, is buying medical supply maker and distributor Medline in a sale valued at more than $30 billion, including debt, according to people familiar with the deal.
Northfield, Illinois-based Medline Industries, one of the largest manufacturers and suppliers of health care products like devices, medical clothing and bandages, logged $17.5 billion in revenue in 2020. The privately held company, founded in 1910 by A.J. Mills, is still led by the Mills family.President Joe Biden on Sunday delivers his first commencement address of the 2024 season at Morehouse College, where the president may for the first time in months have to confront the angst that’s been percolating on college campuses nationwide toward his administration’s policies on the Israel-Hamas war.
Arab and Palestinian Americans left a meeting with Secretary of State Antony Blinken on Friday night frustrated they did not have a clear understanding of how the Biden administration might act upon their concerns as the Israel-Hamas war devastates the civilian population in Gaza, participants told CNN.