Waste Management Subsidiary Acquires Medical Waste Collection, Transportation and Processing Company

PR Newswire

posted: 29 DAYS 18 HOURS AGO

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SALT LAKE CITY, Oct. 27 /PRNewswire-FirstCall/ -- WM Healthcare Solutions, Inc., a subsidiary of Waste Management, Inc., announced that it has acquired Mountain 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 Salt Lake City area and Idaho.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090219/WMLOGO)

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, WM Healthcare Solutions will provide these services to facilities in Salt Lake City as well as Idaho.

"Our acquisition of Mountain 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 Utah and Idaho," said Ron Pierce, vice president of WM Healthcare Solutions. "The acquisition also adds to our capacity and geographic presence to treat and manage waste from healthcare customers.

About Waste Management and WM Healthcare Solutions

Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. 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 the United States. The company's customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management visit www.wm.com or www.thinkgreen.com .

WM Healthcare Solutions, Inc. (WMHS) 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. WMHS aims to be the single source provider of operational and consulting services required to handle the healthcare industry's complex waste streams from compliance, safety, and risk assessment to in-house operational logistics, market assessment, and collection and processing for a variety of waste streams .

Contact: Carrie Griffiths (603) 929-3350 cgriffiths@wm.com SOURCE Waste Management

2009-10-27 11:49:00