Medline invests $500M to bring medical supply inventory to $4B

Medline said it purchased another $500 million worth of medical supply inventory, bringing its total on-hand inventory over $4 billion.

Northfield, Illinois-based Medline — which manufactures and distributes healthcare products — said it purchased the products at the end of June and called the investment another step to fight global supply chain challenges.

“Our inventory management strategy has always been designed with one goal in mind — ensure that the right products are available at the right time to meet the demands of our customers and the patients in their care,” Medline Group Division President Jim Pigott said in a news release this week. “This latest investment reflects our ongoing pledge to provide reliable, superior service to healthcare systems across the continuum of care.”

Medline is the fifth-largest medical technology industry company in the world with more than $20 billion in annual revenue and 30,000 employees, according to Medi…

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