Medical equipment supplier Medline Industries has been approved for an Ohio tax credit for an expansion of its Cincinnati manufacturing facility.
The Cincinnati project will involve a $2 million investment in machinery and equipment and building improvements by Medline to expand its “medical liquids” manufacturing capabilities, according to the Ohio Department of Development (ODOD).
The 45 percent, six-year tax credit for Medline, which distributes hospital equipment and supplies, will begin in January 2012. The project is expected to lead to the creation of 35 jobs by the medical equipment supplier that will generate $1.2 million in additional payroll within three years, according to ODOD.
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A Medline spokesman declined comment.
The company has existing manufacturing facilities in Illinois and South Carolina that could accommodate the expansion, so “state of Ohio incentives are needed to advance this project and to secure and grow the company’s location in Cincinnati,” according to ODOD.
Mundelein, Illinois-based Medline makes and distributes more than 100,000 products — from gloves to custom procedure trays to surgical instruments — to hospitals, extended-care facilities, surgery centers and other customers. The company, which started in 1966, has 6,800 employees and 10 manufacturing facilities in North America.
Medline bills itself as the nation’s “largest privately held national manufacturer and distributor of healthcare supplies and services.” Publicly traded competitors include Cardinal Health (NYSE:CAH), AmerisourceBergen (NYSE:ABC) and McKesson (NYSE:MCK). Unlike those companies, Medline appears to focus on distributing medical and surgical supplies rather than pharmaceuticals, which make up the bulk of Cardinal’s business, for example.
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Last year, Medline bought 19 acres of land in Canton, Ohio, to build a 300,000-square-foot distribution center.
