Medline Canada today said it acquired Médi-Sélect for an all-cash transaction for an undisclosed amount.
Médi-Sélect will stay as an independent division of Medline Canada throughout the rest of the year and will be headed by its current president Philippe Cantin. He will report to the president of Medline Canada Ernie Philip.
“Médi-Sélect and Medline have a shared focus on the customer, nimble distribution and entrepreneurial culture,” Philips said in a news release. “By joining these two family-owned healthcare companies, we are able to build on a strong legacy of quality and customer service while creating more opportunities for our customers.”
The acquisition is the second one in Quebec since 2018 by Medline Industries. The company previously acquired Montreal-based Dufort and Lavigne.
“We are excited to become part of a company that feels much like our own,” Cantin said. “Médi-Sélect will get the benefit of the long-term operational stability of a global business while maintaining our local business, team and culture. It’s a win-win for our companies and for the local healthcare providers Médi-Sélect serves.”