Stericycle
 | |
| Type | Public |
|---|---|
| Traded as |
NASDAQ: SRCL S&P 500 Component |
| Industry | Services - Compliant Regulated Waste Disposal, Recall Services, Sustainability Services, Communications Services |
| Headquarters | Lake Forest, Illinois, U.S. |
| Key people |
Charles A. Alutto, President, Chief Executive Officer Frank J.M. ten Brink, Chief Financial Officer |
| Revenue |
 US$1.9 Billion (FY 2012)[1] |
| Website | www.stericycle.com |
Stericycle is a compliance company that specializes in collecting and disposing regulated substances, such as medical waste and sharps, pharmaceuticals, hazardous waste, and providing services for recalled and expired goods. It also provides related education and training services, and patient communication services. The company was founded in 1989 and is headquartered in Lake Forest, Illinois.
Stericycle became a publicly traded company in 1996 and became North America's largest provider of medical waste services in 2000.
Stericycle, Inc., together with its subsidiaries, offers regulated waste management services, sharps disposal containers to reduce the risk of needlesticks, healthcare compliance services, pharmaceutical disposal, and regulated returns management services for expired or recalled products.
The company serves healthcare facilities such as hospitals, blood banks, pharmaceutical manufacturers,. Stericycle also serves myriad small businesses, which include outpatient clinics, medical and dental offices, veterinary and animal hospitals, funeral homes, home healthcare agencies, body art studios, and long-term and sub-acute care facilities. Medical device manufacturers, consumer goods manufacturers, and retailers are also key customers.
History
Stericycle was founded in 1989 as a regulated medical waste company. It became a publicly traded company in 1996.
In 1999, Stericycle began offering safety and compliance training services with the launch of its Stericycle Steri-Safe OSHA Compliance program.
Stericycle's hospital offerings grew in 2003 when it acquired Bio Systems. Today, Stericycle Sharps Management Service with Bio Systems containers is the US leader in reusable sharps container management service.[citation needed]
Also in 2003, Stericycle entered the reverse distribution industry via acquisition of DirectRETURN. As Stericycle ExpertSOLUTIONS, the company is now the leading recall (Stericycle ExpertRECALL), trade returns (Stericycle ExpertRETURN), and retrieval services provider of pharmaceutical, medical device, durable goods, and consumer goods.[citation needed] Over the years, the Stericycle ExpertSOLUTIONS business has expanded to provide other brand protection services, such as mystery shopping through ExpertAUDIT.
The company’s pharmaceutical waste programs provide disposal of unused or expired wastes in hospitals, healthcare practices, and pharmacies.
In retail, distributor, and manufacturing markets, the Stericycle ExpertSUSTAINABILITY division develops customized solutions for excess inventory and unsalable items. These solutions reduce disposal costs, protect valuable resources, and build sustainability scorecards.[citation needed]
To help hospitals manage their waste streams and drive recycling effots, Stericycle began to offer Stericycle Integrated Waste Stream Solutions in 2009.
In 2010, Stericycle expanded its service offering again to include patient notification services with the acquisition of NotifyMD. Several other acquisitions followed, giving Stericycle a leadership position[citation needed] in telephone support services for physician offices. Serving customers across the United States, the NotifyMD team provides a breadth of services designed to improve office productivity and communication with patients.
International
Stericycle strives to provide protection and risk reduction while helping meet demanding regulations, administrative requirements, and social concerns — not only in the United States but also internationally. The company’s international business began in 1997 with a joint venture in Mexico.
Since then, Stericycle has created services, tools and resources that relieved administrative burdens for healthcare professionals not only in the United States and Mexico, but also in Argentina, Brazil, Canada, Chile, Ireland, Japan, Portugal, Puerto Rico, Romania, Spain, and the United Kingdom.
Beyond services related to healthcare wastes, in some markets the company has expanded its offerings to include management of certain hazardous wastes as well as patient transport and medical courier services.
