Medline Inc.

Medline Inc. describes itself as the largest provider of medical-surgical products and supply chain solutions serving all points of care. It runs two segments: Medline Brand, its own manufactured products, and Supply Chain Solutions, distribution of third-party products. Per the IPO prospectus as summarized by IPOScoop, it offers about 335,000 products from 69 distribution facilities covering more than 29 million square feet, served by more than 2,000 MedTrans trucks. Medline reports more than 45,000 employees and operations in more than 100 countries. It was founded in 1966 and is headquartered at 3 Lakes Drive, Northfield, Illinois.

Ownership and listing

Blackstone, Carlyle and Hellman & Friedman agreed in June 2021 to buy a majority stake for about $34 billion. Medline filed its S-1 publicly on October 28, 2025, priced an upsized IPO of 216.03 million shares at $29.00 on December 16, 2025, raising $6.26 billion, and began trading on the Nasdaq Global Select Market as MDLN on December 17. For the 12 months ended June 28, 2025, it reported $26.7 billion in revenue and $1.3 billion in net income. The sponsors sold down in two 2026 secondaries: 86.25 million Class A shares at $41.00 (closed March 10) and 72.55 million shares at $37.00 (priced May 21). Medline received no proceeds from either.

Results and recall

Second-quarter 2026 net sales rose 11.6% to $7.7 billion. Net income fell 58.3% to $139 million after a $336 million loss from a fire at the Tracy, California, distribution center. Jim Boyle is CEO. On October 14, 2026, Medline announced a voluntary recall of all Medline Brand beds, including homecare, bariatric and long-term care models, over a potential fire hazard, and said it is exiting the hospital bed market. Updated guidance, developed with the FDA, followed on October 24.