Welcome to our dedicated page for Stericycle news (Ticker: SRCL), a resource for investors and traders seeking the latest updates and insights on Stericycle stock.
Stericycle, Inc. (NASDAQ: SRCL) provides essential regulated waste management and secure information destruction services across healthcare, pharmaceutical, and industrial sectors. This news hub offers investors and professionals a centralized source for official updates and analysis on SRCL's operations, compliance initiatives, and market developments.
Track critical updates including quarterly earnings reports, regulatory compliance changes, sustainability advancements, and strategic partnerships. Our curated news collection helps stakeholders monitor Stericycle's leadership in medical waste solutions and environmental stewardship.
Discover updates on hazardous waste processing innovations, secure data destruction protocols, and industry-specific compliance solutions. All content is verified for accuracy, providing reliable insights into SRCL's operational milestones and regulatory adherence.
Bookmark this page for ongoing access to Stericycle's latest developments in waste-to-energy technologies, facility expansions, and healthcare waste management advancements. Stay informed through our continuously updated news feed tailored for financial and industry professionals.
WM (NYSE: WM) has completed its acquisition of Stericycle for $62.00 per share in cash, representing a total enterprise value of approximately $7.2 billion. The acquisition expands WM's environmental solutions into the healthcare market and enhances its secure information destruction services. The company projects run-rate cost synergies exceeding $125 million. Stericycle stock will cease trading on NASDAQ from November 4, 2024. The newly formed WM Healthcare Solutions division will leverage WM's expertise in logistics, technology-enabled cost optimization, and waste disposal network.
Proficient Auto Logistics (NASDAQ: PAL) has appointed Brenda Frank to its Board of Directors. Frank currently serves as Group Senior Vice President of Human Resources, Buying Offices at Ross Stores, leading a team of over 80 professionals. She brings extensive experience in human capital management and legal matters, having previously held executive positions at Stericycle and Shred-it. Frank's background includes roles as Chief People Officer at Stericycle and Executive VP of HR, Franchise Relations, General Counsel & Secretary at Shred-it. She holds a J.D. from NYU School of Law and a B.S. in Accounting from SUNY Albany.
Stericycle (SRCL) has unveiled a new 110,000-square foot Hospital, Medical and Infectious Waste Incinerator (HMIWI) facility in McCarran, Nevada, representing a $110 million investment. The state-of-the-art facility will address growing regional demand for medical waste management and features innovative systems for treating infectious materials and disposing of unwanted medications. The facility includes advanced air pollution control systems, a water reuse system with zero industrial wastewater discharge, and waste-to-energy technology. It will employ approximately 80 local workers and also serves as a Shred-it® bailing facility supporting paper recycling operations.
Stericycle has been recognized by TIME and Statista as one of America's Best Midsize Companies of 2024, ranking in the top 150 out of 500 companies for sustainability transparency. The recognition was based on employee satisfaction, revenue growth, and sustainability transparency for companies with revenues between $100 million and $10 billion.
Stericycle's success is attributed to its focus on creating a great work environment and making a real impact. The company has implemented various initiatives, including:
- Supporting diversity through seven employee resource groups
- Committing to core values and professionalism
- Protecting public health and the environment
In 2023, Stericycle diverted 101 million pounds of plastic from landfills, treated 1.3 billion pounds of medical waste, and recycled 906 million pounds of paper. The company has also received recognition from Newsweek and Women In Trucking for its workplace excellence and diversity efforts.
Stericycle (Nasdaq: SRCL) is partnering with the Arbor Day Foundation for the third consecutive year to plant approximately 45,000 additional trees across the United States and Canada. This initiative, coinciding with Stericycle's 35-year anniversary, includes planting 307 trees to honor long-serving employees. The partnership aims to support environmental restoration and preservation efforts across North America.
Key points:
- Planting efforts span multiple locations, including Michigan, Kentucky, West Virginia, Indiana, Ohio, Florida, and Manitoba, Canada
- Projects focus on restoring forest ecosystems, improving water quality, and providing wildlife habitats
- Over the three-year partnership, Stericycle has committed to planting over 165,000 trees
- Environmental impacts estimated for 2023 efforts include sequestering 18,451 metric tons of CO2 and removing 81 tons of air pollutants over 40 years
Stericycle (Nasdaq: SRCL) has been recognized by Newsweek as one of America's Greatest Workplaces and Greatest Workplaces for Mental Wellbeing in 2024. This recognition follows earlier accolades for Diversity and Women's workplaces. The company's commitment to employee well-being is evident through various initiatives:
1. Diversity and Inclusion: 67% of new U.S. hires in 2023 were from minority groups, with seven employee resource groups supporting diverse communities.
2. Safety Focus: Annual Global Safety Month and a 94% team member sign-up for the Safety Commitment Pledge in 2023.
3. Mental Health Support: New Employee Assistance Program providing mental health benefits and resources.
4. Education and Training: Weekly 'Waste Wizard Wednesday' series and a new front-line leadership training program launched in 2023.
Waste Management (WM) has announced its acquisition of Stericycle, a leading provider of medical waste services, for $7.2 billion, including $1.4 billion in net debt. The acquisition price of $62 per share represents a 24% premium to Stericycle's 60-day average price. This move significantly enhances WM's environmental solutions in the healthcare sector, aiming to achieve more than $125 million in annual synergies and be accretive to earnings and cash flow within one year.
WM plans to finance the acquisition through a combination of bank debt and senior notes. The acquisition is expected to close by Q4 2024, pending regulatory and shareholder approvals.
Stericycle's President and CEO, Cindy J. Miller, was awarded Waste360's Women Who Inspire Award, recognizing her accomplishments and leadership in the waste and recycling industry. With over 30 years of experience, Miller, the first female CEO of a publicly traded waste management company, has been recognized for her transformative business approach and exemplary leadership.
Stericycle, Inc. (SRCL) will have their CEO and CFO/CIO participate in the Stifel 2024 Investor Summit at WasteExpo in May. The event includes a fireside chat and investor meetings in Las Vegas.
Stericycle, Inc. (SRCL) will have representatives attending the Oppenheimer 19th Annual Industrial Growth Conference in May. Ritu Narula and Andrew Ellis will participate in investor meetings, presenting the company's financial outlook and strategies.
