New York (CNN) A group of private equity firms, including Blackstone Group (BX), Carlyle Group (CG) and Hellman & Friedman, is buying medical supply maker and distributor Medline in a sale valued at more than $30 billion, including debt, according to people familiar with the deal. Northfield, Illinois-based Medline Industries, one of the largest manufacturers and suppliers of health care products like devices, medical clothing and bandages, logged $17.5 billion in revenue in 2020. Mills, is still led by the Mills family. The company will continue to be led by the Mills family, who will remain the largest single shareholder, after the company is purchased, according to a statement from Blackstone . Medline said the company plans to use the new resources from the deal to expand its product offerings, accelerate international expansion and make infrastructure investments to strengthen its global supply chain.

Source: CNN June 05, 2021 21:33 UTC