Medline Industries Has Hired Goldman Sachs to Explore a Sale, Sources Say
April 10 2021 - 5:15PM
Dow Jones News
By Miriam Gottfried and Cara Lombardo
(Breaking News)
Medline Industries Inc. is exploring a sale that could value the
big medical-supply company at as much as $30 billion and mark the
latest in a recent string of large leveraged-buyout bids.
The family-owned company has hired Goldman Sachs Group Inc. to
run the process, according to people familiar with the matter.
There's no guarantee the company will ultimately be sold. The
process is at an early stage, the people said, with some adding
that an IPO or minority investment is also a possibility.
Northfield, Ill.-based Medline is likely to attract
private-equity bidders, partly because industry players could
struggle to swallow such a big rival, the people said.
(more to come)
(END) Dow Jones Newswires
April 10, 2021 18:00 ET (22:00 GMT)
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