Medline today announced it entered into a definitive agreement to acquire Ecolab’s global surgical solutions business.
Upon closure of the deal, the acquisition will give Medline access to Ecolab’s Microtek product lines, sterile drape solutions for surgeons, patients and operating room equipment and Ecolab’s fluid temperature management system.
The company said it wants to “build on the deep legacy” of the Microtek brand by combining the reputation for innovation and reliability in these categories using Medline’s commercial footprint, market-leading supply chain capabilities and manufacturing expertise.
“We are pleased to have the opportunity to acquire a leading portfolio of operating room products with such a strong reputation for protecting patients and healthcare workers,” Medline President and Chief Operating Officer Jim Pigott said in a news release. “With our commercial capability and focus on operational excellence, we believe that Medline is best positioned to grow this critical business and provide enhanced services to support our customers. This acquisition brings us proven innovation, expanded service offerings, and a shared legacy of highest quality products. As we embark on this exciting new chapter, we are committed to a seamless integration for both employees and customers.”
The acquisition also allows Medline to add design and development capabilities to its portfolio to support OEM customers. The new capabilities will allow Medline to provide complementary products to protect patients and cutting-edge equipment in surgical suites, according to the company.
“We look forward to welcoming Ecolab surgical solutions team members to the Medline family and together continuing to serve our customers with innovation, quality, and a shared focus on making healthcare run better,” Pigott said.
Medline’s acquisition is subject to standard closing conditions and regulatory approvals. It is expected to close in the second half of 2024. The financial details of the deal were not disclosed.