Date: April 16, 2009
Source: Waste Management, Inc.
Waste Management Subsidiary Acquires PharmEcology(R) Associates, LLC
WM Healthcare Solutions, Inc. (WMHS), a subsidiary of Waste Management, Inc., announced today that it has purchased substantially all of the assets of PharmEcology(R) Associates, LLC. PharmEcology provides pharmaceutical waste management consulting services to the U.S. healthcare industry through seminars, on-site risk assessments, and other custom consulting services, in addition to the PharmE(R) Waste Wizard and PharmE(R) Inventory Analysis.
The purchase of the Milwaukee, Wisconsin-based business fits into Waste Management's strategy to expand its healthcare waste disposal services offered to hospitals and healthcare facilities.
Among other services, PharmEcology assists hospitals in identifying and segregating hazardous pharmaceutical waste and providing on-site risk assessments and action plans. More information about PharmEcology's services is available at www.pharmecology.com.
"By purchasing the assets of PharmEcology, WMHS can assist hospitals across the United States minimize the destructive impact of pharmaceutical waste on the environment by helping organizations to comply with state and federal environmental regulations in a cost-effective manner," said Ron Pierce, vice president of WM Healthcare Solutions.
PharmEcology Founder Charlotte Smith, who will join WMHS and remain with the business, said, "We are delighted to join forces with Waste Management, the country's largest provider of waste management services. WM Healthcare Solutions has the resources to allow us to expand our reach to greater numbers of hospitals who can benefit from our pharmaceutical waste consulting services."
About Waste Management and WM Healthcare Solutions
Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, 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. To learn more information about Waste Management visit www.wm.com or www.thinkgreen.com.
WM Healthcare Solutions, Inc. (WMHS) is a subsidiary 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 the healthcare industry's complex waste streams from compliance, safety, and risk assessment to in-house operational logistics, market assessment, and collection and processing for a variety of waste streams.