Medline Industries has acquired Professional Hospital Supply (PHS) and all related facilities to complement its highly successful and fast-growing business.
PHS is a distributor of medical and surgical supplies, including sterile procedure trays, and will continue to operate in Temecula, California under the PHS name as a Medline subsidiary. The companies are not disclosing financial terms of the agreement.
Medline CEO Charlie Mills noted PHS is a successful business with talented employees which is family owned, privately held and shares a passion for customer satisfaction.
"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," Mills added.
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 $6.6bn.