M&A Deal Summary

Stericycle Acquires MedServe

On November 30, 2009, Stericycle acquired environmental company MedServe from Avista Healthcare Partners for 185M USD

Acquisition Highlights
  • This is Stericycle’s 1st transaction in the Environmental sector.
  • This is Stericycle’s 4th largest (disclosed) transaction.
  • This is Stericycle’s 2nd transaction in the United States.
  • This is Stericycle’s 1st transaction in Texas.

M&A Deal Summary

Date 2009-11-30
Target MedServe
Sector Environmental
Buyer(s) Stericycle
Sellers(s) Avista Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

MedServe

Bellaire, Texas, United States
MedServe provides medical waste removal and destruction and related environmental services to hospitals, health care clinics, doctors' offices and other generators of medical waste.

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Buyer(S) 1

Buyer

Stericycle

Bannockburn, Illinois, United States

Category Company
Founded 1989
Sector Environmental
Employees14,400
Revenue 2.7B USD (2023)
DESCRIPTION

Stericycle is a medical waste management company focused on medical waste collection, transportation, treatment, and disposal of sanitized sterilized medical waste to unrelated fourth-party owned landfills. Stericycle was founded in 1989 and is based in Bannockburn, Illinois.


DEAL STATS #
Overall 2 of 9
Sector (Environmental) 1 of 4
Type (Add-on Acquisition) 2 of 9
State (Texas) 1 of 2
Country (United States) 2 of 7
Year (2009) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Universal Solutions International

Winston Salem, North Carolina, United States

Universal Solutions International, Inc. is a provider of reverse logistics solutions for consumer goods and healthcare markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-04 NotifyMD

Franklin, Tennessee, United States

NotifyMD, Inc. is a provider of HIPAA compliant medical communication services in the United States. NotifyMD provides healthcare communication solutions that combine a human touch and the appropriate technology to create a unique experience for our clients and their patients. NotifyMD was founded in 1986 and is based in Franklin, Tennessee.

Buy -

Seller(S) 1

SELLER

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 5 of 30
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 15
State (Texas) 2 of 6
Country (United States) 4 of 24
Year (2009) 2 of 2
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 The Star Tribune Media Company

Minneapolis, Minnesota, United States

The Star Tribune Media Company LLC is the information provider in the Minneapolis/St. Paul metropolitan area and includes the Star Tribune newspaper, StarTribune.com and other print and digital products and services. The Star Tribune is the largest daily and Sunday newspaper in the Twin Cities area with daily circulation in excess of 360,000 and Sunday circulation of approximately 600,000. The Star Tribune is the 10th largest Sunday paper and 14th largest daily paper in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-07 OptiNose

Yardley, Pennsylvania, United States

OptiNose is a specialty pharmaceutical company focused on the development and commercialization of products for patients cared for by, or in consultation with, ear, nose, and throat (ENT) or allergy specialists. OptiNose was founded in 2000 and is based in Yardley, Pennsylvania.

Buy -