MedServe Announces Acquisition of Envirosolve; Purchase Adds Customers and Services, Puts Company in 5 New States.HOUSTON -- MedServe, a leading provider of medical waste management services, announced today it has purchased Envirosolve, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , in a transaction that adds $6.8 million in additional revenues, expands the company's geographic and customer base and brings added capabilities to existing clients. It is the ninth acquisition since September 2004 for Houston-based MedServe, which was created through the merger of Med-Shred, Inc and Enserv, LLC. Based in Tulsa, Okla., Envirosolve has facilities and operations in Arizona, California, Colorado, New Mexico, Oklahoma, and Oregon. MedServe officials said the acquisition represented the latest example of how the company's business strategy - which focuses on growth of customers, service area, and capabilities - was continuing to yield success. "This broadens our geographical presence considerably," said Michael M. Fields, President of MedServe. "We are now strongly positioned to be competitive in the West, Southwest, Midwest, and Southeast. "Additionally, our business plans call for acquiring regional companies whose services complement our own and can help us deliver an unmatched level of services to customers. Envirosolve certainly fits that description, and we believe this transaction will bring significant benefits to the businesses and institutions we serve." The Envirosolve purchase enables MedServe to provide an even broader array of new services related to the characterization, containerization con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. , manifesting, transportation, and disposal of its customers' waste streams. In addition to collecting, hauling, and treating contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. materials, Envirosolve assists healthcare and other environmental clients with hard-to-manage wastes regulated under the Resources Conservation and Recovery Act (RCRA RCRA Resource Conservation & Recovery Act of 1976 RCRA Resort and Commercial Recreation Association ) and the Toxic Substances Control Act The Toxic Substances Control Act (TSCA, often pronounced "taa-ska") is a United States law, passed by the United States Congress in 1976, that regulates the introduction of new or already existing chemicals. (TSCA TSCA Toxic Substances Control Act of 1976 (15 USC) TSCA Traditional Small Craft Association (Mystic, CT, USA) TSCA Tibetan Spaniel Club of America TSCA Traditional Siamese Cat Association ), and other biohazardous waste biohazardous waste Public health Waste products–eg, body fluids and tissues, which may carry human pathogens; BW often originates from health care facilities and/or research laboratories, and places a relatively small or confined group of people at ↑ . The company is also a recognized leader in providing community household hazardous waste Household hazardous waste (HHW) is the term for common household chemicals and substances for which the owner no longer has a use. Exhibiting many of the same dangerous characteristics as fully regulated hazardous waste, HHW is not regulated by the EPA. collection programs. This service complements MedServe's Mail Disposal Service, which is designed to manage environmental concerns raised by the more than 2 million needles and syringes that are used daily for insulin and allergy dosing in the home. About MedServe MedServe, Inc., through its ENSERV and Med-Shred subsidiaries, is headquartered in Houston, Texas. It serves hospitals and smaller-quantity generators throughout the Southeast, Southwest, West, and Midwest, providing safe, high-quality mobile medical waste treatment services and turnkey solutions that include medical waste liability management, waste minimization programs, sharps tracking and retrieval, and medical waste collection, transport, treatment, and disposal. For further information, please visit www.medserve.com. |
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