{"id":127753,"date":"2021-06-05T20:11:09","date_gmt":"2021-06-05T20:11:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127753"},"modified":"2021-06-05T20:11:09","modified_gmt":"2021-06-05T20:11:09","slug":"blackstone-carlyle-consortium-reach-deal-to-buy-medline","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/","title":{"rendered":"Blackstone, Carlyle consortium reach deal to buy Medline"},"content":{"rendered":"
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS\/Brendan McDermid\/File Photo<\/figcaption>

(Reuters) -A consortium of three private equity firms, including Blackstone Group Inc and Carlyle Group, have signed a definitive agreement to buy a majority stake in medical supplier Medline Industries Inc, sources familiar with the matter have told Reuters.<\/p>\n

The deal values Medline at more than $30 billion, excluding debt, the sources said. Medline has an enterprise value of about $34 billion, including borrowings, the sources said.<\/p>\n

Medline\u2019s current management and founding family, led by Chief Executive Charles Mills, will remain the company\u2019s largest single shareholder when the deal is expected to close in the second half of this year, the sources said.<\/p>\n

The three buyout firms buying majority of Medline are Blackstone, Carlyle and Hellman & Friedman. The Government of Singapore Investment Corporation (GIC) is also investing in Medline as part of the deal.<\/p>\n

Northfield, Illinois-based Medline is one of the largest privately-held manufacturers and distributors of medicals supplies such as surgical equipment, gloves, and laboratory devices used by hospitals around the world. The company generated $17.5 billion in revenue in 2020, according to its website.<\/p>\n

The Wall Street journal first reported about the transaction.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: The ticker and trading information<\/p>\n","protected":false},"author":3,"featured_media":127752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nBlackstone, Carlyle consortium reach deal to buy Medline - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone, Carlyle consortium reach deal to buy Medline - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: The ticker and trading information\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-05T20:11:09+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Blackstone-Carlyle-consortium-reach-deal-to-buy-Medline.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/\",\"url\":\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/\",\"name\":\"Blackstone, Carlyle consortium reach deal to buy Medline - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-06-05T20:11:09+00:00\",\"dateModified\":\"2021-06-05T20:11:09+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Blackstone, Carlyle consortium reach deal to buy Medline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blackstone, Carlyle consortium reach deal to buy Medline - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/","og_locale":"en_US","og_type":"article","og_title":"Blackstone, Carlyle consortium reach deal to buy Medline - Pre Coin News","og_description":"FILE PHOTO: The ticker and trading information","og_url":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/","og_site_name":"Pre Coin News","article_published_time":"2021-06-05T20:11:09+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Blackstone-Carlyle-consortium-reach-deal-to-buy-Medline.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/","url":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/","name":"Blackstone, Carlyle consortium reach deal to buy Medline - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-06-05T20:11:09+00:00","dateModified":"2021-06-05T20:11:09+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/blackstone-carlyle-consortium-reach-deal-to-buy-medline\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Blackstone, Carlyle consortium reach deal to buy Medline"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/127753"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=127753"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/127753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/127752"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=127753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=127753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=127753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}