Company Acquisition Sample
March 18, 2018
Waste Management Subsidiary Acquires Medical Waste
FOR IMMEDIATE RELEASE
Brisbane, Queensland –– JM Healthcare Solutions, Inc., a subsidiary of Waste Management, Inc., announced that it has acquired Sky High Medical Disposal Services, Inc., a medical waste collection, transportation and processing company. The purchase will better serve the needs of Waste Management’s healthcare customers in the Perth and Brisbane.
The stock purchase of the medical waste treatment facility fits into Waste Management’s strategy to manage solid waste, medical, recycling and pharmaceutical waste for the healthcare industry. By purchasing the company, JM Healthcare Solutions will provide these services to facilities in Pert and Brisbane.
“Our acquisition of Sky High Medical Disposal Services complements our overall healthcare offering so we can now provide multiple waste services to the healthcare industry.
This investment represents an important strategic opportunity to offer disposal options, consulting and cost savings for hospitals, clinics, laboratories, doctors’ offices and a variety of other healthcare operations in and around Brisbane,” said John Smith, vice president of JM Healthcare Solutions.
About Waste Management and JM Healthcare Solutions:
Waste Management, Inc., based in Brisbane, Queensland, is the leading provider of comprehensive waste management services in Australia. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in Australia.
JM Healthcare Solutions, Inc. (JMHS) is a subsidiary of Waste Management, Inc. that provides a complete range of sustainable and cost-effective managed waste and environmental solutions specifically designed for the healthcare industry.