Dive Brief:
- Medical waste disposal company ProMed Waste Solutions LLC, based in St. Petersburg, FL, has acquired two Florida-based medical waste transport companies: BioTran Inc. of Largo and Bio-Man LLC of Naples.
- The acquisitions will help increase service route density by "providing more resources within key geographic markets," according to a statement from the company.
- ProMed Waste Solutions — which was founded in 2011 — is privately held and operates additional facilities outside Miami and outside Orlando.
Dive Insight:
"The medical waste disposal market in Florida is thriving," says ProMed Waste Solutions President Paul E. Reddish. "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."
In January, ProMed closed a multimillion-dollar round of financing from new investors to be used toward this expansion of operations. The company also recently named Travis Deering as the company's new general manager of operations.
For such a young company tackling the vast state of Florida, ProMed is on a quick track toward continued growth and success in the market.