Waste Management Expects Stericycle Deal To Be Accretive To Earnings And Cash Flow Within One Year Of Close

Benzinga · 06/03 11:08

Stericycle is a provider of regulated medical waste and compliance services as well as secure information destruction services.

Given the growth outlook for healthcare services in North America, WM expects this business to deliver revenue growth that surpasses the strong fundamentals of its core solid waste business.

WM intends to finance the transaction using a combination of bank debt and senior notes.

The transaction, which was unanimously approved by the boards of directors of both companies, is expected to close as early as the fourth quarter of 2024