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

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A worker at Medline Industries gathers exam gloves to include into Personal Protection Equipment (PPE) kits to be shipped out to various health facilities at their warehouse in Mundelein, Illinois, U.S., on Monday, Oct. 20, 2014. Photographer: Tim Boyle/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

A group of private equity firms including Blackstone Group is nearing a deal to purchase medical supply manufacturer and distributor Medline Industries, The Wall Street Journal reports.

The sale could value Medline at more than $30 billion, people familiar with the matter told the paper.

Medline Industries, of Northfield, Illinois, makes 550,000 types of medical supplies for…



Source cnbc.com

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