WM (Waste Management) 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.