Medical waste disposal firm Stericycle, Inc said it has agreed to buy Healthcare Waste Solutions, Inc. for $245 million in cash.
Lake Forest-based Stericycle said Healthcare Waste “provides a resource management assessment and consulting program for all waste streams to healthcare providers.”
“It uses a customized process to help customers reduce the risk of environmental fines and penalties and helps them to meet their sustainability and cost management goals,” Stericycle said in a statement. “(Healthcare Waste) is engaged in the collection, transportation, treatment and disposal of medical waste, universal waste and other regulated wastes, sharps management services, safety and compliance training, and other related businesses.”
The deal still faces various regulatory approvals. Stericycle did not say when the deal was expected to close.
