Stericycle Buys Medical Waste Co. For $245M

Law360, New York (September 29, 2010, 6:20 PM EDT) -- Medical waste services provider Stericycle Inc. said Wednesday that it had agreed to shell out $245 million to acquire Healthcare Waste Solutions Inc., a portfolio company of health care-focused investment firm Altaris Capital Partners LLC.

Lake Forest, Ill.-based Stericycle said it and its SAMW Acquisition Corp. subsidiary had entered into a merger agreement with HWS on Sept. 24.

Under the terms of the deal, SAMW will be merged into HWS, and HWS will become a wholly owned subsidiary of Stericycle, the company said.

HWS provides a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.