Houston, TX, October 15, 2008 – (BUSINESS WIRE) — MedServe, with its operating subsidiaries, ENSERV, ENVIROSOLVE, and MedShred, has been recognized as one of Houston Business Journal’s FAST 100 companies for 2008. With a percentage of revenue growth of 910.7% for the period of 2005 through 2007, MedServe was ranked 3rd in this year’s “HOUSTON FAST 100,” as announced at a gala awards ceremony at the Westin – Galleria Hotel in Houston, TX.
MedServe, Inc. (a Delaware corporation) is a fast-track growth company, headquartered in Houston, providing regulated medical waste and hazardous waste management and compliance solutions for hospitals and patient care clinics as well as physician, dental, veterinary offices, clinical referral laboratories, dialysis centers, blood banks, pharmacies, and other medical, clinical, academic, research, pharma-manufactors, and generators of products with hazardous, regulated, and infectious waste by-products.
With the integration of more than 20 companies into its operations in the past two and a half years, the company continues to expand its services organically in its goal to become a strong player in the medical waste management sector nationwide. As of June 1, 2008, MedServe has 25 operating locations, six medical waste processing facilities, one waste water treatment plant, and 118 medical waste collection routes with 21 permitted transfer stations serving nearly 20,000 customers in 23 states.
ENSERV provides turnkey medical waste services that include waste minimization programs, waste liability management, DOT, OSHA, and HIPAA compliance and medical waste collection, transportation, treatment and disposal. It offers sharps compliance management and disposal programs through its STARserv(sm) program. ENSERV launched a unique one-stop compliance Web portal in 2008 called SAFEserv(sm) that helps small-to-medium-sized health care providers nationwide to manage their OSHA, HIPAA, and Blood Borne Pathogen compliance training and regulatory safety needs online with tools and resources.
ENVIROSOLVE provides clinical, industrial, and household hazardous waste collection and disposal for businesses and municipalities. As a full-service hazardous waste company with emergency response, strategically located hazardous transfer stations, waste water treatment facility, oil reclamation services, lab pack responders, recycling hydrocarbons waste services, and radioactive waste, Envirosolve is a single-source-solution provider for healthcare and other industries. MedShred is a proprietary provider of eco-friendly, patented mobile medical waste treatment services that converts onsite bio-hazardous waste into benign HIPAA compliant solid waste that can be disposed of safely in any municipal landfill.
MedServe was formed in late 2005 through the merger of MedShred, Inc., led by Roger Ramsey, and ENSERV, LLC founded and led by Mike Fields and two other senior officers from the former BFI Medical Waste. Ramsey was the founder and CEO of Allied Waste Industries and co-founder of Browning-Ferris Industries. Fields was the former president of BFI Medical Waste, the worldwide leader in the category prior to its acquisition by a competitor in 1999.
The company’s capital funding sources include Avista Capital Partners of New York, Chrysalis Ventures, Murphree Venture Partners, Cogene BioTech Ventures, and Erasmus Louisiana Growth Fund. The National Venture Capital Association noted the 2006 investment size to be an industry record.
More information on MedServe can be found on its website: www.medserve.com.
SOURCE: MedServe, Inc.