Headquartered in Houston, Texas, Sharps is a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications generated outside the hospital and large health care facility setting. Its strategy is to capture a large part of the estimated $2.8 billion untapped market for unused medications, used syringes and medical waste generated outside of hospital and large health care settings by targeting the major agencies that are interrelated with this medical waste stream; that is the U.S. government, pharmaceutical manufacturers, home healthcare providers, retail pharmacies and clinics, and the professional market comprised of physicians, dentists and veterinary practices.
As a fully integrated medical waste management company providing customer solutions and services, the Companys solid business model, which provides strong margins and significant operating leverage, combined with its early penetration into emerging markets, uniquely positions it for strong future growth.
The Companys flagship product, the Sharps Recovery System (formerly Sharps Disposal by Mail System®), is a comprehensive solution for the containment, transportation, treatment and tracking of medical waste generated outside the hospital and large health care facility setting.
Its other products include the Sharps MWMS (Medical Waste Management System), a comprehensive solution designed for rapid deployment in emergency situations and features the Sharps Recovery System and TakeAway System products combined with warehousing, inventory management, training, data and other services. Its TakeAway System is designed for individual consumers, retail or mail-order pharmacies, communities, and facilities including assisted living, long-term care, and correction operations to facilitate the proper disposal of unused dispensed medications.
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Jan 12, 2015 at 2:10 PM ET
Sidoti & Co. Emerging Growth Institutional Investor Forum