Houston-based Sharps Compliance Corp. (Nasdaq: SMED) has acquired a medical waste removal and document shredding company headquartered in Zionsville. Sharps says the deal for Affordable Medical Waste is valued at $2.2 million.
Sharps provides regulated medical waste, hazardous waste, and unused medication removal services for the healthcare, long-term care and retail pharmacy markets. AMW provides its services to more than 500 customer locations, primarily in Indiana.
“This acquisition is consistent with our long-term growth strategy, which includes initiatives to both drive organic growth and acquire complementary route-based providers designed to increase route density and further establish our leadership position as a comprehensive provider of waste management solutions,” David Tusa, chief executive officer of Sharps, said in a news release. “Our strong balance sheet provides us with this opportunity to execute on our broader acquisition strategy as we continue to work our active pipeline of opportunities.”
Sharps did not say whether any jobs would be negatively affected by the deal. The company has not answered a request for more information from Inside INdiana Business.