- In November 2024, Medline Industries, a leading medical supply firm, confidentially filed for an initial public offering (IPO) in the United States, aiming to raise over USD 5 billion. The IPO, expected as early as the second quarter of 2025, could value the company at approximately USD 50 billion, marking a significant move for its private equity owners
- In August 2024, Swedish medical-equipment maker Getinge acquired U.S.-based organ transport company Paragonix Technologies for approximately USD 477 million. This strategic move aims to enhance Getinge's offerings in the organ transplant sector by integrating Paragonix's advanced organ preservation solutions
- In July 2024, Owens & Minor, a medical supplies distributor, announced its agreement to acquire Rotech Healthcare, a provider of home medical equipment, for USD 1.36 billion in cash. This strategic move aims to expand Owens & Minor's presence in the home-based care sector, enhancing its portfolio with Rotech's offerings, including devices for sleep apnea and diabetes treatments
- In April 2024, Ecolab announced the sale of its global surgical solutions business to Medline for USD 950 million in cash. This unit, which generated over USD 400 million in sales the previous year, provides sterile drape solutions for surgical settings. The divestiture is part of Ecolab's strategy to focus on its core healthcare offerings
- In January 2024, Siemens Healthineers announced the expansion of its digital solutions for medical equipment maintenance. The new service integrates artificial intelligence (AI) and predictive analytics to minimize downtime and enhance the operational efficiency of medical equipment in hospitals, aiming to improve customer experience and optimize preventive maintenance scheduling
