Carlyle et al to IPO Medline

The Carlyle Group, Blackstone and Hellman & Friedman may take Medline public in 2025.  The three private equity underwriters (PEU) bought Medline for $34 billion in 2021.  That buyout had roughly 50% equity and 50% debt.  

Rumored IPO value for Medline is $50 billion.  That would mean an equity double.  An S-1 will reveal the other ways Carlyle et al milked Medline for management fees, deal fees and special dividends/distributions.  

How is Medline after three years under the PEU playbook?  A Medline employee stated on Glassdoor:

It can be a great company or terrible company depending on what division you work with at Medline and who you report to directly. Also, your job is never done, and they work you like a dog. Previously they paid well but since they have been acquired the benefits are declining.

Another offered:

Most importantly, stop taking away the work/life balance we had. When I first started here I could say I really enjoyed it, got my job done and done well. But every benefit you take away makes it a worse environment.

This employee said:

Micro-managing constantly, bad management structure in local territories, old school culture for some & not others. Lots of quality issues with products and this affects our sales/quotas. Tons of zoom meetings at all hours of the day. They blame the sales reps for everything and have cut salaries by almost 60% for some but expect us to be available 24/7 in return. They will run you into the ground

What can PEU do for you?

My first 10 years with Medline were great and the last 2 were horrible.

The greed and leverage boys are "giddy" over Trump II.  Voters concerned about the destruction of their workplace should know that devastation will spread wildly as the government imitates the PEU boys under DOGE.  Workplace horribles, the PEU norm....

Final thought:  How much did your healthcare costs go down under PEU ownership of Medline?