 |
MedServe
Expands Service to All of California With Latest Acquisition From
InEnTec Medical Services
Houston, TX -- April 17, 2007 -- MedServe, Inc.,
through its operating subsidiary Enserv West, L.L.C., has completed
yet another acquisition, acquiring the medical waste service and
collection business of InEnTec Medical Services California, L.L.C.,
as part of its continued consolidation of local and regional operators
in the medical waste industry nationwide. Purchase price for
the acquisition was undisclosed.
“With this transaction, we add more than 1,000 new customers to
our 10,000-customer base and expand service to all parts of California,”
said MedServe President Mike Fields. “This acquisition also
adds new permitted medical waste facilities in the San Diego and
Bay areas of the state. We welcome InEnTec operations, sales,
and the members of management who will continue as part of the expanding
MedServe team.”
InEnTec's medical waste customer base is a mix of small to medium-sized
quantity generators as well as a number of large medical facilities.
InEnTec is a subsidiary of Integrated Environment Technologies,
L.L.C., an engineering company that has developed a patented process
based on plasma arc technology for gasifying all forms of waste,
and using the gas generated to make valuable energy products, while
ensuring the waste is permanently destroyed. According to David
Farmer, president of InEnTec, “The sale of our medical waste service
and collection division to MedServe allowed us greater strategic
focus to complete construction of our first Plasma Enhanced Melter
facility in Northern California. We look forward to a long-term
partnering relationship with MedServe.”
MedServe's management has now completed 14 acquisitions in less
than two years in its quest to become the second largest company
in the medical waste management sector. These acquisitions,
combined with strong organic growth, have more than quadrupled MedServe's
customer base and quadrupled revenues since the company's founding
in 2005. The company is led by Roger Ramsey, former founder
and chief executive officer of Allied Waste Industries and co-founder
of Browning Ferris Industries (BFI) and Mike Fields, former president
of BFI Medical Waste.
Fields added that the company continues to seek further expansion
opportunities, including the addition of new markets. Current
letters of intent should allow MedServe to expand into other new
geographic regions in the very near future.
About MedServe
MedServe Inc.'s operating subsidiaries – Enserv, MedShred, and Envirosolve
--are headquartered in Houston, Texas. We serve public and private
hospitals, patient clinics, physicians, veterinary clinics and laboratories
across the Southeast, Southwest, West and Midwest regions, providing
turnkey medical waste management solutions. These turnkey
services include high quality mobile medical waste treatment services,
waste liability management, waste minimization programs, sharps
tracking and retrieval, and medical waste collection, transport,
treatment and disposal. MedServe Inc. and its operations and
subsidiaries are in no way affiliated with the Harris County Medical
Society. For additional information about our health care
waste management solutions, please visit http://www.medserve.com.
|  |