Blackstone group nears a $30 billion deal to purchase Medline, report says

A employee at Medline Industries gathers examination gloves to incorporate into Private Safety Tools (PPE) kits to be shipped out to varied well being amenities at their warehouse in Mundelein, Illinois, U.S., on Monday, Oct. 20, 2014. Photographer: Tim Boyle/Bloomberg through Getty Photos

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

The sale might worth Medline at greater than $30 billion, folks conversant in the matter instructed the paper.

Medline Industries, of Northfield, Illinois, makes 550,000 kinds of medical provides for specialty medical amenities resembling surgical procedure facilities, acute care amenities, nursing amenities, hospice care facilities and hospital laundries, in line with the firm’s web site. 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 embrace Carlyle Group and Hellman & Friedman, the Journal reported.

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

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

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

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