Stericycle Acquires U.K. Firm

It sees accretion.
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Stericycle

(SRCL) - Get Report

, a medical waste management service provider, acquired Sterile Technologies Group, a U.K.-based waste firm, for about $131 million.

Illinois-based Stericycle paid $114 million in cash and assumed $17 million of debt.

Stericycle said the deal should add 2 cents of earnings and $46 million in revenue this year. The company forecast earnings of $2.41 to $2.47 a share for the year on Feb. 7.

Sterile Technologies Group reported revenue of about $55 million in 2005.

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