MUNDELEIN, IL--(Marketwire - April 04, 2011) - Solidifying a new platform for introducing its products and clinical programs to international markets, Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of healthcare products, today announced the completion of its acquisition of CareFusion Corporation's (NYSE: CFN) International Surgical Products (ISP) distribution business.
"We believe this will be a tremendous growth opportunity for our business," said Andy Mills, president of Medline. "We will be adding our strong portfolio of products and clinical programs to ISPs products, with the objective of delivering enhanced clinical outcomes and patient care."
Medline has a strong track record of searching for and promoting best practices and evidence-based solutions within the U.S. healthcare industry, and will be looking to replicate that success internationally.
"We have a history of working with industry experts from organizations like the World Health Organization and the Joint Commission on key issues such as hand hygiene," said Mills. "We now have a conduit for delivering the results of those collaborations worldwide."
The newly acquired ISP business is based in Rolle, Switzerland, with operations in 16 European and Asian-Pacific countries. The business generated sales of approximately $440 million in 2010, elevating Medline's annual company sales to approximately $4.5 billion.
About Medline Industries, Inc.
Medline, recently named one of the "100 Best Places to Work in Healthcare," manufactures and distributes more than 125,000 products to hospitals, extended care facilities, surgery centers, physician offices and home care dealers. Headquartered in Mundelein, Ill., Medline 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 U.S., serving 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.
Medline has a growing network of 50 manufacturing and distribution centers worldwide, as well as an expanding, dedicated transportation fleet with over 200 vehicles in a variety of sizes to fit customers' specific delivery needs. The fleet is equipped with the latest navigation devices for enhanced order tracking and communication.
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