CHICAGO--(BUSINESS WIRE)--Pharma Logistics acquired the pharmaceutical reverse distribution division of Stericycle, Inc. effective October 28, 2019.
Stericycle retail pharmacy customers using this service in the continental United States and in Puerto Rico will begin working with Pharma Logistics for their pharmaceutical reverse distribution needs.
“We are happy to welcome Stericycle’s returns customers into the Pharma Logistics family,” said Michael Zaccaro, President and Chief Executive Officer of Pharma Logistics. “The strategic acquisition of Stericycle’s pharmaceutical reverse distribution division will further strengthen our position as the leader in the independent retail market, in addition to expanding our international service footprint to include the island of Puerto Rico. Our Rapid Credit Program will continue to accelerate much needed cash flow for these pharmacies while also providing them with safe and effective pharmaceutical disposal options.”
“Proper pharmaceutical disposal is an important environmental and social concern today. As a company exclusively focused on pharmaceutical reverse distribution, we are confident that Pharma Logistics will provide safe and compliant services to customers,” said Cindy Miller, Stericycle’s Chief Executive Officer.
Box and ship and onsite customers will see no interruption in service, with the processing of these returns moving immediately to the Pharma Logistics’ processing center in Libertyville, Illinois. Pharma Logistics’ Customer Advocates will work closely with the former Stericycle customers to ensure a smooth transition.
As part of the acquisition, Stericycle’s Onsite Service Technicians in Puerto Rico have joined the Pharma Logistics team to continue serving customers on the island. Additional details on the acquisition and transition are available at pharmalogistics.com.
About Pharma Logistics
Founded in 1996, Pharma Logistics is the trusted, proven industry leader in reverse pharmaceutical distribution services, including rapid credit, box and ship, onsite and drug take back programs. Pharma Logistics’ clients include hospital pharmacies, the Department of Defense and Veterans Health Administration, independent pharmacies, pharmacy chains and physicians’ offices. For more information about Pharma Logistics, visit the website at: pharmalogistics.com.
Stericycle, Inc., (Nasdaq: SRCL) is a U.S. based business-to-business services company and leading provider of compliance-based solutions that protect people and brands, promote health and safeguard the environment. Stericycle serves more than one million customers in all 50 U.S. states and 20 countries worldwide with solutions for regulated waste management, secure information destruction, compliance, customer contact, and brand protection. For more information about Stericycle, visit stericycle.com.