Sharps Compliance Corp. (NasdaqCM:SMED) acquired Midwest Medical Waste, Inc. for $4.3 million on February 4, 2022. The purchase price was $4.35 million and consisted of 75% in cash and 25% in Sharps Compliance stock. The purchase price consisted of $3.26 million in cash from funds on hand and 164,821 shares of unregistered common stock of Sharps Compliance valued at $1.09 million. Of the $3.26 million in cash, $0.44 million was withheld in escrow for a one-year period to cover indemnification obligations of the sellers under the purchase agreement.

Sharps Compliance Corp. (NasdaqCM:SMED) completed the acquisition of Midwest Medical Waste, Inc. on February 4, 2022.