medline industries Archives - Medical Design Sourcing

Medline Industries signs $140M distribution deal with Bryan Health

Medline Industries today announced it entered a multi-year prime vendor partnership with Nebraska-based Bryan Health to deliver medical supplies.

Through the $140 million deal, Medline Industries will exclusively provide an extensive portfolio of essential medical supplies and solutions to Bryan Health’s acute care medical centers.

“Medline’s proactive approach facilitated a smooth implementation and the customer support has been incredibly responsive,” Bryan Health Director of Supply Chain Heather Seeba said in a news release. “We look forward to partnering with the Medline experts to optimize our operational processes and improve our supply consistency.”

Dedicated Medline resources will work with Bryan Health to address specific caregiver needs and operational efficiencies to support the system’s efforts in providing quality healthcare in the region. Bryan Health will also be able to easily monitor key metrics …

October 2022 Issue: Women in Medtech

Rachel Ellingson is driving Zimmer Biomet toward new tech

What Laura Mauri learned from a ‘firestorm’ in her first months at Medtronic

How Medline maintains quality while innovating and growing

How a wrist-worn device treats essential tremor

Diversity in medtech: 2022 markedly the best for women in medtech

Diverse executive teams bring more innovation to medtech Diversifying the executive suite is more than just a push for representation — it helps bring more diverse ideas to the table to innovate for more than half of the global population.

The leadership gap in the medical device industry closes slightly every year, but women still account for less than a quarter of executive roles, according to our annual analysis in this Women in Medtech edition of Medical Design & Outsourcing.

Women hold just 23% of executive roles at the top 100 medical device companies, up 2 percentage points since 2021. After Accuray and Ambu appointed f…

The 10 largest medtech employers — and what their employees really think

Employees of the 10 largest medtech employers are happy to be a part of a company that is having a positive impact on patient populations.

That was one major takeaway as MassDevice compiled some current and former employee reviews posted on Glassdoor.

Medtronic, Philips and Johnson & Johnson MedTech top the list of largest medtech employers. The 10 companies we looked at were the largest employers in Medical Design & Outsourcing‘s newest Big 100 report on the largest medical device companies.

Company Employees Medtronic 95,000 Philips 78,189 Johnson & Johnson MedTech 75,000

As with most companies, there are some qualms with corporate bureaucracy and reorganizations creating frustration for employees.

Employment in the medtech industry is on the rise, according to a recent analysis of our Medtech Big 100 data. There were 1,268,924 employees among the 100 largest companies that report human capital in their annual repor…

What are the largest medical device companies?

Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical device companies by revenue.

The 2022 edition of MassDevice and Medical Design & Outsourcing‘s Big 100 report also holds surprises. Big conglomerates are spinning out medtech businesses as stand-alone companies, and that means changes to the list of 100 largest medical device companies.

Colfax, for example, engaged in business moves that turned DJO’s parent into Enovis, a large, stand-alone orthopedic device company that is No. 56 in 2022’s Big 100. ZimVie, formerly Zimmer Biomet’s spine and dental business, is 69th. And after decades under larger corporate umbrellas, Cordis debuts at No. 76 on the list.

We collected thousands of data points to size up the industry’s publicly traded companies and privately held firms. The Big 100 includes annual revenue, R&D spending, employee counts, key leaders, headquarters locatio…

Medline to open new distribution center in Illinois

Medline announced that it will officially open a new 1.4 million-square-foot Illinois distribution center next week.

The Grayslake, Illinois, distribution center is estimated to be the largest medical-grade distribution center in the U.S., according to a Medline spokesperson, and will service facilities throughout the Midwest.

Medline’s facility is Leadership in Energy and Environmental Design-certified, reflecting best construction practices designed to reduce energy and water use, lower operating costs and improve air quality. The ribbon-cutting ceremony featuring company executives and local dignitaries will be held on July 20.

The facility represents a $125 million investment in Grayslake, a village in the Chicago metropolitan area, that will create 350 new jobs and a total of 700 jobs once the facility is operating at full capacity. The payroll for the facility is estimated to be $35 million and will require $2.5 million in maintenance and sup…

Henry Schein hires former Medline veteran to drive ‘One Distribution’ push

Dirk Benson is chief commercial officer of Henry Schein’s North American Distribution Group. [Photo courtesy of Henry Schein]Henry Schein (Nasdaq:HSIC) today named Dirk Benson as VP and chief commercial officer of the medical device manufacturer and distributor’s North America Distribution Group (NADG).

Melville, New York-based Henry Schein is the world’s largest provider of health care supplies and services for office-based dental and medical practitioners, and NADG is the company’s largest business group.

The role of chief commercial officer is new at NADG. In it, Benson will drive Henry Schein’s “One Distribution” initiative, which the company called a “critical element” of its 2022-2024 Bold+1 strategic plan.

Get the full story at our sister site, Medical Design & Outsourcing.

Medline Industries revenue up nearly 15% in 2021

Medline Industries’ sales grew nearly 15% to $20.1 billion last year as the medtech manufacturer and distributor added more than 230 additional healthcare providers to its prime vendor partnerships.

The new relationships, announced today, were worth nearly $2 billion in annual, incremental sales of medical supplies and services spanning the care continuum. The new health provider partnerships included Northwestern Medicine in Illinois, Rochester Regional Health in New York, Kelsey-Seybold Clinic in Texas, Windsor Lane Health Care in Ohio, Ochsner Health in Louisiana, and Golden LivingCenters in Indiana.

“Throughout 2021, the Medline team remained laser-focused on supporting our customers through another challenging year and strengthening the resiliency of the healthcare supply chain,” said Doug Golwas, EVP of acute care sales for Medline.

“Heading into 2022, that commitment remains as we continue to partner with our customers and together identify …

Medline is spending $1.5B on new distribution centers

Medline announced yesterday that it opened five newly constructed distribution centers this year and plans to complete two more in 2022.

Northfield, Illinois-based Medline opened the latest LEED-certified distribution center — set to be fully operational in the first quarter of 2022 — in Richmond Hill, Georgia as part of its healthcare resilience initiative, a national expenditure campaign including $1.5 billion in new distribution centers, manufacturing capabilities and IT upgrades.

Get the full story at our sister site, Medical Design & Outsourcing.

The 100 largest medical device companies in the world

Nearly half a trillion dollars — $421 billion to be exact — that’s how much the world’s 100 largest medical device companies brought in over the past year amid the COVID-19 pandemic.

That’s one of the big takeaways from the Big 100, MassDevice and Medical Design & Outsourcing‘s annual analysis of the worlds’ 100 largest medtech companies. (Check out the full Big 100 rankings here.)

Aggregate revenue for approximately 100 of the largest medical technology companies dropped 1.2% in 2020 compared to 2019. But that’s not bad considering that the worst pandemic in a century was taking place, sparking a global recession in its wake.

Some medtech businesses that played critical roles fighting the pandemic — such as 3M’s Health Care segment and Hologic — even saw revenues increase and rose in the Big 100 rankings as a result.

Check out the full Big 100 rankings here>>

The 100 largest medical device companies in the world

Nearly half a trillion dollars — $421 billion to be exact — that’s how much the world’s 100 largest medical device companies brought in over the past year amid the COVID-19 pandemic.

That’s one of the big takeaways from the Big 100, MassDevice and Medical Design & Outsourcing‘s annual analysis of the worlds’ 100 largest medtech companies. (Check out the full Big 100 rankings here.)

Aggregate revenue for approximately 100 of the largest medical technology companies dropped 1.2% in 2020 compared to 2019. But that’s not bad considering that the worst pandemic in a century was taking place, sparking a global recession in its wake.

Some medtech businesses that played critical roles fighting the pandemic — such as 3M’s Health Care segment and Hologic — even saw revenues increase and rose in the Big 100 rankings as a result.

Check out the full Big 100 rankings here>>

Medline inks a strategic partnership with Arnot Health

Medline announced that it has forged a $40 million prime vendor partnership with New York-based Arnot Health.

As the system’s primary supplier, Medline will exclusively provide an extensive portfolio of medical supplies and services to three diverse healthcare campuses across the southern tier of New York, the company said yesterday. The two organizations will identify new strategies for enhancing patient outcomes and streamlining supply chain operations.

“Care is evolving and so should our approach to ensuring we are not looking solely at cost but overall value and impact,” Susan Houghtelling, system director of supply chain at Arnot Health, said in a news release. “Working with Medline allows us to leverage their entire scope of expertise in the areas of supply chain logistics and clinical solutions, as well as their proactive hands-on approach, to ultimately help improve our operating performance.”

MedTech 100 roundup: Significant uptick for industry

The up-and-down nature of the medtech industry continues to carry through 2021, with a recent dip now followed by a rapid ascent.

MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (June 11) at 109.63 points, producing a 2.5% rise from the 106.96-point mark set one week prior (June 4).

It provides a welcome sight after the industry’s progress came to a halt with a -1.4% dip the week before last. The index remains in a position to produce another upswing after demonstrating signs of picking up again when April brought the industry’s all-time best performance.

Even with setbacks that slowed the industry recently, medtech’s performance continues to reflect an overall rebound from the struggles brought on by the COVID-19 pandemic, too. The industry has registered a 18.8% rise from the pre-pandemic high of 92.32 (set on Feb. 19, 2020), plus a 76.5% increase from the mid-pandemic low…