Profile: Sharps Compliance Corp (SMED.OQ)
23 Mar 2017
Sharps Compliance Corp., incorporated on November 17, 1992, is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company's solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions. The Company's solutions facilitate the collection, containment, transportation and treatment of various types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, hazardous waste and unused consumer dispensed medications and over-the-counter drugs.
The Company serves customers in multiple markets, such as home healthcare, retail clinics and immunizing pharmacies, pharmaceutical manufacturers, professional offices (physicians, dentists and veterinarians), assisted living and long-term care facilities (assisted living, continuing care, long-term acute care, memory care and skilled nursing), government (federal, state and local), consumers, commercial and agriculture, as well as distributors to many of the aforementioned markets. It assists its customers in determining which of its solution offerings fit for the collection, containment, return transportation and treatment of medical waste, used healthcare materials, pharmaceutical waste, hazardous waste and unused dispensed medications. It provides tracking and reporting tools.
Sharps Recovery System
The Company's Sharps Recovery System is a solution for the containment, transportation, treatment and tracking of medical waste generated outside the hospital and healthcare facility setting. The Sharps Recovery System includes sealed, leak and puncture resistant sharps container in several sizes ranging from 1 quart to 28 gallons; the United States postal service (USPS)-approved shipping box with prepaid priority mail postage; absorbent material inside the container that holds approximately 150 milliliters of fluids; a bag for additional containment, and documentation and tracking manifest. The Sharps Recovery System is transported to its owned or contracted facilities for treatment. Upon treatment or conversion of the waste, it provides electronic proof of receipt and treatment documentation to the customer through its SharpsTracer system.
TakeAway Medication Recovery System
The Company's TakeAway Medication Recovery System is a solution that facilitates the disposal of unused medications (including controlled substances) from ultimate users and Drug Enforcement Administration (DEA) registrants. The solution is designed for use in long-term care (on behalf of their patient), hospice and consumer markets. DEA Reverse Distribution solution is a collection, return and destruction solution for DEA registrants' expired or unused controlled substances. The system includes prepaid return transportation, materials to package for return, complete documentation of returned pharmaceuticals and proper disposal with online proof of destruction.
The Company's MedSafe is a solution for the collection, transportation and disposal of unwanted and expired prescription medications, including controlled substances from ultimate users. MedSafe is designed for use in retail pharmacies, long-term care facilities, hospice, hospitals/clinics with on-site pharmacies, narcotic treatment facilities and licensed law enforcement.
Route-Based Pickup Service
The Company's Route-Based Pickup Service offers route-based medical and hazardous waste pickup services to customers and prospects that have facilities or branches, which generate medical, pharmaceutical or hazardous waste or where the route-based pickup service is preferred. This blended service of mailback and pickup customizes the right solution with each location.
TakeAway Recycle System
TakeAway Recycle System is a solution for the collection and recycling of single-use medical devices from surgical centers and other healthcare facilities. The system consists of containers designed for use in operating rooms or sterile processing departments. The containers are placed in a pre-paid return box for shipping to the Company's treatment facilities where devices are stripped to their basic components and sent to appropriate recycling facilities.
ComplianceTRAC is a Web-based version of the Company's compliance and training program. ComplianceTRAC is designed for worker safety. The program includes employee training for blood borne pathogens. The online program also provides access to a database of over a million safety data sheets, safety plans, regulatory information and facility self-audits.
Universal Waste Shipback Systems
The Company's Universal Waste Shipback Systems is used for the collection, transportation and recycling of light bulbs, batteries and other mercury-containing devices. The solution is marketed to existing and prospective customers as a complement to the Company's line of medical waste and unused medication management solutions.
The Company offers a range of other solutions, including TakeAway Environmental Return System, SharpsTracer, Sharps Secure Needle Disposal System, Complete Needle Collection & Disposal System and Pitch-It IV Poles. It also includes Asset Return System, Sharps Medical Waste Management System (MWMS), and Spill Kit and Recovery System.
The Company competes with Stericycle.
Sharps Compliance Corp
9220 Kirby Dr Ste 500
HOUSTON TX 77054-2534