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Medline’s PE Backers Start Stake Sale Worth $3.4 Billion

A Medline truck enters the company's warehouse in Tracy, California.
Photographer: David Paul Morris/Bloomberg

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By Bailey Lipschultz, Anthony Hughes, and Angel Adegbesan

March 3, 2026 at 12:34 PM UTC

Updated on

March 3, 2026 at 3:14 PM UTC

Medline Inc. shareholders are offering 75 million shares in the company, capitalizing on a rally in the medical supplier’s stock since its debut late last year.

Shareholders including Blackstone Inc., Carlyle Group Inc., Hellman & Friedman and the Abu Dhabi Investment Authority are offering the shares, according to a Tuesday morning filing. The stake would be worth $3.4 billion at Monday’s closing price, according to Bloomberg calculations.