Blackstone, Carlyle, Hellman & Friedman Offer 75M Shares For Medline

Medline Inc. (NASDAQ:MDLN) stockholders, including Blackstone, The Carlyle Group, Hellman and Friedman LLC, Abu Dhabi Investment Authority (ADIA), are offering 75 million shares for its class A common stock, according to a recent regulatory filing,

Bloomberg reports that the offering, worth $3.4 billion, will price post-market on Wednesday.

Morgan Stanley, Bank of America, JPMorgan Chase and Goldman Sachs are involved in the offering.

 In 2021, Medline received a majority investment from a partnership comprising the funds managed by Blackstone, Carlyle, and Hellman and Friedman. 

The three private equity firms are each offering 23.3 million shares, while ADIA is offering 5.1 million shares.

The underwriters have the option to purchase up to an additional 11.25 million shares from the selling stockholders for 30 days. The company will not sell any shares in the offering and will not receive proceeds from the sale.

Medline is the largest provider of medical-surgical products and supply chain solutions. The company has 30 manufacturing facilities, 70 distribution centers, and 45,000 employees worldwide.

In December 2024, Medline Holdings changed its name from Mozart Holdings.

As of Tuesday morning, Medline's stock declined 4.6%; the stock is up nearly 7% year to date. The stock price currently stands at $43.77 per share.

Photo by T. Schneider via Shutterstock