MedAssets (SCM) press releases

  • 01/14/16
    MedAssets, Inc. today announced that its stockholders approved the previously disclosed Agreement and Plan of Merger ("Merger Agreement") with Pamplona Capital Management LLP at its special meeting of stockholders held today.Based on the tabulation of the stockholder vote, approximately 99.8% of the total votes cast, which represented approximately 89.7% of the total shares outstanding as of the November 24, 2015 record date for the special meeting, were voted in favor of the approval andmore...
  • 12/09/15
    MedAssets, Inc. and Pamplona Capital Management LLP today announced that, on December 8, 2015, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), as amended, in connection with Pamplona's proposed acquisition of MedAssets.As previously disclosed on November 2, 2015, MedAssets and Pamplona entered into a definitive agreement pursuant to which Pamplona would acquire MedAssets for $31.35 permore...
  • 11/20/15
    MedAssets today announced an extension of its longstanding strategic partnership with HealthTechS3 (HTS3), a Brentwood, Tenn.-based provider of financial services, executive/physician recruitment, consulting/management services and supply chain solutions to critical access and acute care hospitals in rural areas and smaller communities across the United States. The agreement continues a successful 20-year participation in HTS3's Business Partnership Program, through which HTS3 customers canmore...
  • 11/19/15
    MedAssets today announced that Mercy Medical Center has selected the company for a wide range of solutions to enhance operational efficiency and reduce the total cost of care for one of Iowa's premier healthcare providers.Under the terms of the multi-year agreement, the Cedar Rapids-based organization will utilize a breadth of MedAssets supply chain optimization solutions, including group purchasing services, pharmacy and spend management analytics, eCommerce Exchange and Transactionmore...
  • 08/06/15
    MedAssets today announced that UMass Memorial Health Care (UMass Memorial), the largest not-for-profit health system in central Massachusetts, renewed and expanded its longstanding relationship with MedAssets to further drive cost reductions enterprise-wide. The multi-year agreement leverages the breadth of MedAssets supply chain management and procurement solutions, consulting expertise, sourcing services and analytics to further optimize supply chain performance, streamline procurementmore...
  • 02/25/15
    MedAssets today announced that its latest National Collaborative event, a sourcing program designed to generate cost reductions for products and services through precommitted purchasing volume, will drive an estimated $2 million in savings annually in the linen and apparel category. Medline, a distributor of more than 350,000 medical products that serve the continuum of care, was awarded a three-year contract for purchased linens and reusable apparel. More than 80 providers nationwide -more...
  • 11/02/14
    MedAssets, Inc. and Pamplona Capital Management today announced that they have entered into a definitive agreement whereby Pamplona will acquire MedAssets for $31.35 per share in cash. The purchase price represents a 44.5% premium to the 30 trading day volume weighted average price of MedAssets common stock and an enterprise value of approximately $2.7 billion."Since February, our executive leadership team has been developing and implementing our business transformation and value creation planmore...
  • 10/02/14
    MedAssets today announced that AHMC Healthcare Inc., and Alhambra Hospital and Medical Center has expanded its relationship with the company in pursuit of a rational and defensible pricing strategy. Plans call for a combination of the company's Patient Access Solutions, Contract and Episode Management Solutions and Charge, Pricing and Compliance Solutions to improve the accuracy of patient bill estimation and gain market intelligence to inform payor contract negotiations."As a fully integratedmore...
  • 09/22/14
    MedAssets today announced that it completed its previously announced acquisition of SG-2, LLC (Sg2), a leading provider of healthcare business intelligence, market analytics and clinical consulting services."Working with more than 1,400 hospitals and other clients across healthcare, Sg2's experts utilize software-as-a-service (SaaS)-based analytics tools and an intelligence platform to help healthcare organizations make informed strategic decisions related to acquisitions, service linemore...
  • 08/13/14
    MedAssets, Inc., today announced it signed a definitive agreement to acquire privately held SG-2, LLC (Sg2) for approximately $142 million. Based in Skokie, Ill., Sg2 is a leading provider of healthcare market intelligence, strategic analytics and clinical consulting services that help more than 1,400 hospitals, health systems, as well as pharmaceutical and medical device companies understand current and future market dynamics in order to capitalize on growth and performance improvementmore...