Stericycle Insiders Buy $20 Million in More Shares

Date: July 16, 2008

Source: News Room

Two longtime insiders of medical waste management firm Stericycle Inc., have purchased a combined $20 million in additional shares of company stock according to recent filings with the Securities and Exchange Commission. Company Chairman Jack Schuler and director John Patience, whose venture-capital firm founded Stericycle in 1989, bought the shares based on their belief that it represents a good investment in a company and business that is somewhat insulated from troubles in the general economy. According to Mr. Patience, "people still go to hospitals and they go to the doctors' office and they have procedures and procedures generate waste and Stericycle picks it up and treats it."

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