Daniels Sharpsmart Buys Bronx Facility from Stericycle

Date: June 24, 2011

Source: Daniels Sharpsmart Inc.

Daniels Sharpsmart, Inc. (Bronx, NY), said that its acquisition of a medical waste disposal facility in Bronx, NY from Stericycle has made it the second largest medical waste disposal company in North America. Daniels said the Bronx facility is its fourteenth facility in the US and greatly expands its east coast capabilities. Earlier this year, Stericyle agreed to divest the Bronx facility to appease US Justice Department concerns following its merger with Healthcare Waste Solutions. Terms of the Bronx facility deal were not disclosed. "We're evolving and expanding our services to meet the demands of the $2 billion- plus U.S. medical waste disposal market," said David Skinner, vice president of Daniels Sharpsmart. "The New York facility alone has the potential to serve the Northeast region, which provides more than 150,000 hospital beds. Daniels Sharpsmart also has developed the transportation and treatment infrastructure to provide efficient, cost effective service to customersin this region."


PRESS RELEASE
June 24, 2011

Daniels Jumps to No. 2 in Medical Waste Disposal Industry

  • Bronx facility acquisition from Stericycle increases Daniels' capabilities in the Northeast

Daniels Sharpsmart Inc., the world's largest provider of reusable systems for sharps disposal, has acquired the Bronx medical waste facility from Stericycle making Daniels the second largest medical waste disposal company in North America.

Daniels' acquisition of the Bronx facility, its 14th in the United States, significantly expands Daniels' capabilities throughout the East Coast as well as its footprint in North America.

Located at 1281 Viele Ave., Daniels' Bronx facility will give hospitals and other medical and dental facilities in New York, New Jersey, Connecticut, Pennsylvania and Rhode Island a safe, cost-effective and eco-friendly alternative to Stericycle for medical waste and sharps disposal service.

"We're evolving and expanding our services to meet the demands of the $2 billion- plus U.S. medical waste disposal market," said David Skinner, vice president of Daniels Sharpsmart. "The New York facility alone has the potential to serve the Northeast region, which provides more than 150,000 hospital beds. Daniels Sharpsmart also has developed the transportation and treatment infrastructure to provide efficient, cost effective service to customers in this region."

The Department of Justice required Stericycle to divest the Bronx facility to Daniels to remedy the loss of competition resulting from Stericycle's acquisition of Healthcare Waste Solutions (HWS). Under the Department of Justice Consent Order, Stericycle must notify HWS customers served by the Bronx facility that they have the right to end their existing contracts without penalty within 90 days of receiving the notice.

Daniels' Bronx facility provides a fully integrated and technologically advanced system that ensures safe, cost effective and regulatory compliant disposal of medical, sharps and pharmaceutical waste.

"We manage the removal of the containers and medical waste and handle the disposal in a safe and environmentally sound manner," Skinner said. "The fact that the sanitized containers can be reused adds to the environmental benefit. By the time the emptied sharps containers and other medical waste are compacted for landfill disposal, it's safer than the waste you would generate in your home."

Daniels launched its Sharpsmart system in 1999 and has the most widely researched sharps containment system in the world, the only system to have peer-reviewed confirmation of sharps injury reduction and the only system in which all container models meet the tests required by the European Agreement (AFG) on Transport of Dangerous Goods.

A recent article published in the American Journal of Infection Control reported an 81 percent reduction in container-associated sharps injuries that occurred in a group of 14 hospitals using Daniels Sharpsmart containers over one year. The company's innovative Sharpsmart system is used in several thousand health care facilities in the United States, Canada, the United Kingdom, Australia, New Zealand and South Africa.

For more information, visit www.danielsinternational.com.

SOURCE Daniels Sharpsmart Inc.

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