Healthcare Industry News: Professional Hospital Supply
News Release - February 3, 2014
Medline Acquires Professional Hospital SupplyPHS complements Medline’s fast-growing business
MUNDELEIN, Ill.--(Healthcare Sales & Marketing Network)--Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of healthcare products, announced today that it has acquired Professional Hospital Supply (PHS) and all related facilities to complement its highly successful and fast-growing business. PHS is a privately held leading distributor of medical and surgical supplies, including sterile procedure trays, and will continue to operate in Temecula, Calif. under the PHS name as a Medline subsidiary. The companies are not disclosing financial terms of the agreement.
"PHS is a successful business with talented employees which, like us, is family owned, privately held and shares a passion for customer satisfaction," said Charlie Mills, chief executive officer of Medline. "Combining Medline’s strong and growing portfolio of products and distribution network with PHS' superior customer relationships allows us to establish a new industry benchmark for superior quality, service and value."
With the acquisition, the combined companies will now have more than 12,000 employees worldwide, 1,200 sales representatives, 40 distribution centers, 19 manufacturing facilities and 350,000 medical and surgical products. Combined sales of the two companies in 2013 exceeded $6.6 billion.
As the nation's largest privately held manufacturer and distributor of health care products, Medline manufactures and distributes more than 350,000 products to hospitals, extended care facilities, surgery centers, physician offices, home care agencies and providers, and retailers. Recently named the best place to work in the medical supplies industry by sales representatives, Medline is headquartered in Mundelein, Ill., and has more than 1,100 dedicated sales representatives to support its broad product line and cost management services. For more information, go to www.medline.com and http://mkt.medline.com/clinical-blog/category/channels/social-channels/ to connect with Medline on a variety of social media channels.
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