Medline Industries
Medline Industries, LP is an American private healthcare company headquartered in Northfield, Illinois. In June, 2021 it was acquired by a consortium of private equity firms Blackstone, Carlyle and Hellman & Friedman valuing the company at $34 billion in one of the largest leveraged buyouts of all time. It is the nation's largest privately held manufacturer and distributor of medical supplies providing products, education, clinical programs and services across the continuum of care with operations in over 125 countries and territories.
Some of the key events about Medline Industries
- 1910Founded as a small manufacturer of aprons for butchers and garment makers in Chicago
- 1966Expanded into the medical supply business by acquiring a division of A.S. Aloe Company
- 1969Faced criticism for aggressive sales tactics in the medical supply industry
- 1972Introduced the first colored surgical gowns and drapes to improve safety in operating rooms
- 1997Launched its first e-commerce website for medical supplies
- 1997Accused of overcharging Medicare for medical supplies
- 2002Opened a 1.2 million square foot distribution center in Libertyville, Illinois
- 2006Recalled defective infusion pumps due to safety concerns
- 2011Acquired CareFusion's International Surgical Products distribution business
- 2011Paid $85 million to settle allegations of overbilling Medicare
- 2013Opened a 600,000 square foot distribution center in Mebane, North Carolina
- 2013Recalled contaminated alcohol prep pads linked to infections
- 2017Donated $100 million in medical supplies for hurricane relief efforts
- 2018Launched a new line of infection prevention products
- 2018Faced lawsuits over alleged price-fixing of medical supplies
- 2019Criticized for inadequate response to data breach affecting customer information
- 2020Significantly increased production of personal protective equipment (PPE) in response to the COVID-19 pandemic
- 2020Struggled with supply chain issues during COVID-19 pandemic
- 2021Investigated for potential violations of labor laws in manufacturing facilities
- 2022Faced scrutiny over environmental impact of disposable medical products
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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