Medline's IPO was the largest we've seen in over four years, says Jim Cramer

Jim Cramer (Host of Mad Money) 00:00.070

earlier today we witnessed the largest IPO in over four years when medline came public with a bang this is the biggest provider of medical surgical products and supply chain solutions for the healthcare industry it came public with a gigantic six point two six billion dollar

Jim Cramer (Host of Mad Money) 00:16.550

offering but it feels like a deal that really kind of snuck up on us because this isn't exactly a household name medline 's revenue is split pretty evenly between selling its own medline brand medical surgical products and handling supply chain solutions for the healthcare

Jim Cramer (Host of Mad Money) 00:29.150

industry but spoke with their earnings comes from product sales still the supply chain business lets them see what hospital needs and also helps them move their merchandise when CEO jim boyle came on squawk box this morning he described medline as trying to be the costco of

Jim Cramer (Host of Mad Money) 00:42.990

healthcare they have a membership model the supply chain business that lets them give healthcare providers the best prices meanwhile the medline brand products they're kind of like costco 's in house kirkland signature brand carry much higher margins than the rest of the

Jim Cramer (Host of Mad Money) 00:56.550

merchandisers but your premium private label now talk over the numbers over the past few years medlines put up solid revenue growth eight point three percent in twenty twenty three nine point eight percent in twenty twenty four and ten point three percent through the first nine

Jim Cramer (Host of Mad Money) 01:10.110

months of twenty twenty five high single digit growth that seems to be accelerating i love arg which is accelerating revenue growth

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