Date: November 25, 2008
Source: WM Healthcare Solutions
Waste Management Subsidiary Acquires Spectrum Environmental Solutions
WM Healthcare Solutions, Inc. (WMHS), a subsidiary of Waste Management, Inc., today announced that a subsidiary has purchased certain assets of Spectrum Environmental Solutions (sesenv.com), an Escondido, Calif. based company that specializes in the safe disposal and transport of medical waste. Terms of the deal were not disclosed. In connection with the acquisition, Spectrum's former President and CEO Tim Tucker will join WMHS, with oversight of its local operations in the southern California area.
"The purchase of Spectrum Environmental's assets will allow us to provide an increased level of service options for our customers in the San Diego and Orange County region," said Jason Rose, general manager of Waste Management of San Diego and Orange County. "Spectrum Environmental has an established reputation for customer service and we are pleased to incorporate their expertise into our comprehensive environmental service offerings."
Rose added that the new acquisition will allow businesses a wide-ranging selection of waste options that will include disposal of trace chemotherapy, pathological, hazardous, medical, pharmaceutical and sharps waste, as well as the recycling of papers, organics, plastics, glass, light bulbs, batteries and electronic waste. "Our goal is to become a complete partner to our customers to help them green their businesses and manage their material streams more efficiently," Rose said.
About WM Healthcare Solutions
WM Healthcare Solutions (WMHS) is a special services division 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 healthcare's complex waste streams from compliance, safety, and risk assessments related to waste management to in-house operational logistics, to market assessment and collection and processing for a variety of waste streams. Website: www.wm.com/wm/services/healthcare/.
About Waste Management
Waste Management, Inc., (NYSE:WMI) based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, including Waste Management of California, Inc. d/b/a "Waste Management of San Diego" and USA Waste of California, Inc. d/b/a "Waste Management of Orange County," 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. Website: www.wm.com.
For more information, contact:
Jennifer Andrews
Waste Management, Inc.
619-890-4698
jandrews@wm.com.
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