WM to acquire Stericycle in $7.2B deal

 

WM plans to acquire Stericycle for approximately $7.2 billion, including $1.4 billion in debt, in an effort to expand its healthcare waste services, the companies announced Monday.

The deal is expected to close as early as Q4, subject to regulatory approvals and approval by Stericycle shareholders. WM plans to acquire all outstanding shares of Stericycle for $62 per share in cash.
Illinois-based Stericycle specializes in medical waste collection, disposal and treatment. The company also offers secure information destruction services through its Shred-It business. In a press release, WM said it sees the deal as a way to expand existing services for healthcare waste and to become a “single, trusted provider known for safety, compliance and environmental stewardship.”