Waste Management struck a deal to buy medical-waste-disposal company Stericycle for roughly $5.8 billion. Waste Management said Monday it would acquire Stericycle for $62 a share in cash.

WM sees future healthcare trends, such as the growth of at-home healthcare, as a future business opportunity as it works to ...

The all-cash offer represents a 24% premium over Stericycle's stock price on May 23, which was a day before news of the potential deal started to circulate in the press.