WM has completed its $7.2 billion acquisition of Stericycle. The transaction valued the company at $62 per share. The assets are now part of the WM Healthcare Solutions division. “This acquisition provides a complementary business platform in medical waste, a sector with attractive near- and long-term growth dynamics, and in secure information destruction services to further our leading suite of comprehensive waste and environmental solutions,” said CEO Jim Fish in a statement. The largest deal in the North American waste industry this year marks WM’s return to focusing on the medical waste sector. WM said it decided to acquire Stericycle in part because of how aging populations are expected to help grow the medical waste business.
Read the full article: WM Completes $7.2B Stericycle Deal, Takes Leading Position in Medical Waste Market //
Source: https://www.wastedive.com/news/wm-stericycle-acquire-medical-waste-market-fish-miller/731712/