Medline used its first earnings call since going public in December to assure investors that the company is well-positioned to support a health care industry facing what CEO Jim Boyle called a “crisis of complexity.” Boyle said providers are grappling with ongoing reimbursement pressures and regulatory uncertainty that make stability and cost containment top priorities. Separately, “we’re pretty optimistic about M&A,” Boyle said. “As you know, historically, 90% of our growth has been organic, only 10% has been through M&A. However, just because of the IPO and how we handled it, we have $1.9 billion in cash on the books, specifically allocated for looking for those M&A opportunities. And I think the market in and of itself is ripe for M&A.”
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Source: https://www.hmenews.com/article/medline-provides-value-stability-amid-health-care-crisis-ceo-says