Healthcare Industry News: Perrigo Company
News Release - July 23, 2012
Medline Acquires Parts of Personal Hygiene Business From Perrigo CompanyMedline Expands Presence in Consumer Products and Retail Channel With Key Acquisition
MUNDELEIN, Ill., July 23, 2012 -- (Healthcare Sales & Marketing Network) -- Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of medical and surgical supplies and the makers of Curad(R) branded products, announced today that the company has acquired some key assets of Perrigo Company's personal hygiene business.
Specifically, Medline has acquired the manufacturing and laboratory assets, and assumed the lease, on Perrigo's plant in Lake Worth, Fla., where Medline will now manufacture a number of personal hygiene products, including enemas, douche and oral saline laxatives. Medline will manufacture these products for the retail channel under the Curad brand, as well as on a private label basis.
"Through this acquisition, as well with the recent launch of innovative products like the Curad BioMask, Medline is strengthening our growing position in the retail market and expanding the Curad portfolio to meet the growing needs of retailers and consumers," said Medline's Chief Executive Officer Charlie Mills.
About Medline's Curad Brand of Products
The Curad brand is part of Medline's fast-growing presence in consumer health care. From signature Ouchless(R) bandages to a comprehensive line of hospital-quality wound dressings, Curad has been a staple in the first aid aisle for nearly 100 years, and can be found at major retailers throughout the country, including Walmart, Walgreens, Meijer, CVS, Albertsons, Winn-Dixie and many others. Curad continues to develop products that expand the brand presence in core health care segments, such as exam gloves, orthopedic soft goods, compression hosiery, and unique technologies such as Curad Silver Solution(TM) antimicrobial gel and the Curad BioMask(TM), an antiviral face mask. In addition, Medline's own brand of high quality durable medical equipment, including wheelchairs, walkers, canes and bath safety products, is among the leading brands sold at major retail outlets throughout the country.
About Perrigo Company
Perrigo Company is a leading global health care supplier that develops, manufactures and distributes OTC and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, active pharmaceutical ingredients (API) and pharmaceutical and medical diagnostic products. Perrigo is the world's largest store brand manufacturer of OTC pharmaceutical products and infant formulas. The company's primary markets and locations of manufacturing and logistics operations are the United States, Israel, Mexico, the United Kingdom and Australia. Visit Perrigo on the Internet (http://www.perrigo.com).
As the nation's largest privately held manufacturer and distributor of healthcare products, Medline manufactures and distributes more than 125,000 products to retailers, hospitals, extended care facilities, surgery centers, physician offices and home care dealers. Recently named one of the "100 Best Places to Work in Healthcare" and one of the best places to work in Chicago, Medline is headquartered in Mundelein, Ill. and has more than 1,100 dedicated sales representatives nationwide to support its broad product line and cost management services.
Over the past five years, Medline has been the fastest-growing distributor of medical and surgical supplies in the United Statesserving as the primary distributor to over 450 major hospitals and healthcare systems. As a leading distributor, Medline offers a comprehensive array of consulting and management services encompassing the supply chain and logistics, utilization and standardization, business tools and enhanced reporting capabilities and on-staff clinicians. To learn more about Medline, visit www.medline.com.
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