ProMed has recently made investments in two medical waste transport companies: BioTram Inc. and Bio – Man LLC.
Official sources revealed that in an effort to bolster major markets, the company decided on buying two Florida-based companies. The acquisition would enable the company to leverage its major clients and sales opportunities. ProMed looks confident about their investment in local expertise. In addition, Florida’s growing need for a local medical waste management company too would be fulfilled.
Commenting on their acquisition Paul Reddish president at ProMed Waste Solutions said: “The medical waste disposal market in Florida is thriving.”
“Our recent acquisitions, along with our organic growth plan, position us well to continue to be a local leader in the industry, and to further expand our customer base throughout the state of Florida,” he said.
Many companies like ProMed today are seen making medical waste acquisitions. Such investments would not only aim at strengthening their growth opportunities through business-to-business medical waste compliance solution, but also make the best of their core abilities and expand their presence worldwide.
Eyeing the sudden rise in the new medical waste management projects and investment feasibility, Big Market Research has added a report titled “Global Medical Waste Management Market 2015-2019.”
According to the study the medical waste management market would register a CAGR of 5.35% during the forecast period 2014 to 2019. Besides weighing up on the key drivers and opportunities, the study also highlights the major obstacles in the medical waste management sector. The report further documents the business performances in regions including Americas, Europe, and EMEA.