Benzinga | Oct 25, 2021 01:13PM EDT

Sharps Compliance Acquires Affordable Medical Waste For $2.2M

* Sharps Compliance Corp. (NASDAQ:SMED) has acquired Affordable Medical Waste (AMW) for $2.2 million. AMW is a full-service, route-based provider of medical waste solutions to over 500 customer locations in the Midwest, primarily in Indiana.

* Sharps Compliance specified that this acquisition is consistent with its long-term growth strategy.

* The company expects the deal to enhance its route-based services and density in Indiana.

* Sharps Compliance held a cash balance of $27.8 million as of June 30, 2021.

* Price Action: SMED shares are trading higher by 2.38% at $8.19 on the last check Monday.