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stericycle

How did medtech companies score on environmental stewardship list?

December 8, 2020 By Nancy Crotti

Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]

Filed Under: Business/Financial News, Featured Tagged With: 3m, Abbott, Abiomed, Align Technology, Baxter, Bayer, becton dickinson, Boston Scientific, Canon, Cardinal Health, Carl Zeiss Meditec, CDP, danaher, Edwards Lifesciences, elkemsilicones, emerson, Fujifilm, Henry Schein Medical, Hologic, Intuitive Surgical, Johnson & Johnson, Kyocera, Medtronic, Olympus, PerkinElmer Inc., Qualcomm, ResMed, Robert Bosch North America, royalphilips, stericycle, Steris Corp., Stryker, TE Connectivity, Terumo, Tessy Plastics, Thermo Fisher Scientific, Toray Industries, Varian Medical Systems, Zimmer Biomet

Wright Medical creates digital arm, promotes Asper to chief digital officer | Personnel Moves – May 7, 2019

May 7, 2019 By Fink Densford

Wright Medical (NSDQ:WMGI) said today that it is creating a new digital division and that it is promoting strategy, tech & corporate dev senior VP Jason Asper to chief digital officer. The new CDO title comes alongside Asper’s existing responsibilities, Amsterdam-based Wright Medical said. The new digital division will focus on the company’s digital surgery strategy […]

Filed Under: Business/Financial News Tagged With: Abbott, Avanos Medical (formerly Halyard Health), CHF Solutions Inc., Ekso Bionics, iCad Inc., Insulet, intersectent, Medtronic, stericycle, theromics, wrightmedical

Stericycle shares tumble on Q1 EPS, sales miss

May 2, 2019 By Fink Densford

Stericycle (NSDQ:SRCL) shares have fallen in after hours trading after the sterilization-focused medtech company posting first quarter earnings that missed both earnings per share and sales consensus. The Lake Forest, Ill.-based company posted losses of $37.6 million, or 42¢ per share, on sales of $830.1 million for the three months ended March 31, seeing a swing […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Sterilization / Calibration, Wall Street Beat Tagged With: stericycle

Stericycle, investors agree on tentative $45m settlement over fraud charges

January 4, 2019 By Brad Perriello

Stericycle (NSDQ:SRCL) last month agreed to a tentative settlement with investors who brought a putative class action against it over allegedly fraudulent business practices. The agreement follows a similar, nearly $27 million settlement approved in February 2016 of a whistleblower lawsuit that accused the Lake Forest, Ill.-based medical waste disposal firm of overbilling federal and state governments. […]

Filed Under: Legal News, Sterilization / Calibration, Wall Street Beat Tagged With: stericycle

Report: Med device recalls down in Q3

November 14, 2018 By Nancy Crotti

Medical device recalls fell by 21% to 284 in the third quarter of 2018, according to a report by Stericycle Expert Solutions. Machine failure was the top cause of recalls based on units, while software led the way based on numbers of recalls, the report says. The total number of medtech recalls for Q3 was lower […]

Filed Under: Food & Drug Administration (FDA), Recalls Tagged With: FDA, stericycle

Stericycle Q3 beats EPS, misses sales expectations on The Street

November 1, 2018 By Fink Densford

Stericycle (Nasdaq: SRCL) today posted third quarter earnings that topped Wall Street expectations for earnings per share but missed revenue consensus. The Lake Forest, Ill.-based company posted profits of $23.5 million, or 20¢ per share, on sales of $854.9 million for the three months ended September 30, seeing profits drop 39.7% while sales shrunk a smaller 3.2% […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: stericycle

Report: Med device recalls in Q2 highest since 2005

August 14, 2018 By Fink Densford

Medical device recalls during the second quarter hit 360, the highest amount seen since 2005, according to a new Stericycle Expert Solutions report. Recalls were up 17, or 5% from the previous quarter, according to the report. Recalled units decreased 80% to approximately 42.4 million, lower than eight of the previous 13 quarters, according to […]

Filed Under: Recalls Tagged With: stericycle

Cantel Medical pays $17m for Stericycle’s clean room biz

August 3, 2018 By Brad Perriello

Cantel Medical (NYSE:CMN) said today that it paid $17 million in cash to buy the clean room maintenance business from Stericycle (NSDQ:SRCL). The controlled environmental solutions business consists of the B&V Testing and Certco services, which provide testing & certification, environmental monitoring and decontamination services for clean rooms and other controlled environments. The CES business put up […]

Filed Under: Mergers & Acquisitions, Wall Street Beat Tagged With: Cantel Medical Corp., stericycle

Medical device recalls significantly increase during Q1

May 8, 2018 By Danielle Kirsh

The medical device and pharmaceutical industries saw a significant spike in product recalls during the first quarter of 2018, according to the U.S. Recall Index released by Stericycle Expert Solutions. There was a 126% increase in medical device recalls in Q1 — the most in a quarter since 2005. Software problems made up about 22.7% […]

Filed Under: Pharmaceutical, Recalls Tagged With: MedTech, stericycle

Stericycle reports mixed results for Q1

May 3, 2018 By Chris Newmarker

Medical and hazardous waste disposal and compliance company Stericycle (Nasdaq: SRCL)  this evening reported mixed results for its first quarter ended March 31: Adjusted earnings per share beat the Street, but organic revenue was slightly down. Lake Forest, Ill.–based Stericycle earned $21 million, or 25 cents per share, during the first quarter, down from about […]

Filed Under: Business/Financial News, News Well, Wall Street Beat Tagged With: stericycle

Survey: Millenials more likely to ignore recall notifications than boomers

September 26, 2017 By Sarah Faulkner

Among a survey of over 1,000 Americans, millenials are least likely to comply with recall notices for  food, pharmaceuticals, motor vehicles and consumer electronics. The consumer survey, commissioned by Stericycle Expert Solutions, found that people ages 18-34 are the least compliant with recall notices across all age groups. Compared to baby boomers, people ages 55 […]

Filed Under: Food & Drug Administration (FDA), Recalls, Regulatory/Compliance Tagged With: stericycle

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