** Shares of medical supply giant Medline MDLN.O fall 2.8% to $36.09 premarket

** Several news outlets reported Thursday that a massive fire engulfed Medline's distribution center in Tracy, California. No injuries were reported

** This means that the facility has been taken offline as the company reviews orders and sets contingency plans to support customers, brokerage Leerink Partners says

** Leerink says outage could cause near-term disruption in product availability and fill rates

** Brokerage says impact likely to be treated as a one-time item, tied to inventory loss and insurance recovery

** Notes Medline has over 28 mln sq ft of warehousing, with nearby sites helping mitigate disruption

** As of last close, stock down ~12% YTD