Medline was founded by the billionaire Mills family in 1966, and went public in 1972 before the family bought the shares back five years later, over concerns its stock was being undervalued. After the transaction closes, Medline will remain a privately held company.

Is Medline publicly traded?

Medline said in a statement that the company will continue to be privately held and led by the family of Charlie Mills, the chief executive officer, and that it will remain the largest single shareholder.

Is Medline privately held?

Medline is the largest privately-held manufacturer and distributor of medical supplies uniquely positioned to provide products, education and support across the continuum of care.