Home Business Blackstone-led group reportedly nearing a $30 billion deal to purchase medical provide...

Blackstone-led group reportedly nearing a $30 billion deal to purchase medical provide maker Medline

A employee at Medline Industries gathers examination gloves to incorporate into Private Safety Tools (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 Photos

Bloomberg | Bloomberg | Getty Photos

A bunch of personal fairness companies together with Blackstone Group is nearing a deal to buy medical provide producer and distributor Medline Industries, The Wall Street Journal studies.

The sale might worth Medline at greater than $30 billion, folks acquainted with the matter informed the paper.

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

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

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

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

Learn the total report in The Wall Avenue Journal right here.

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