MedAssets explained

MedAssets, Inc
Type:Public
Fate:In the year was acquired by Pamplona Capital Management later merged with Equation now known as nThrive [1]
Key People:John Bardis
Industry:Health Care Technology
Products:Revenue Cycle Management
Accountable Care Management
Spend and Clinical Resource Management
Advisory Solutions
Payor Solutions
Revenue: US$680.4 Million
Operating Income: US$90.743 Million
Net Income: US$27.441 Million
Assets: US$1.613 Billion [2]
Equity: US$489.789 Million
Num Employees:3,400
Location City:Alpharetta, Georgia
Homepage:MedAssets

MedAssets, Inc. was an American healthcare performance improvement company. It provided products and services to 4,400 hospitals and 122,000 non-acute healthcare providers.[3]

The Alpharetta, Georgia based company had 15 offices across the United States. States with a MedAssets location included California, Colorado, Georgia, New Jersey, Texas, and Washington.[4]

In early 2016, MedAssets was split into two companies and was sold out. The company no longer exists in its original form, although some of its products exist under other brand names under various companies including nThrive.

History

John Bardis founded MedAssets in June, 1999.[5] The company began as a group purchasing organization (GPO) which offered its customers medical supply discounts. By August 2014, MedAssets had become the largest GPO in the United States.[6] The company became publicly traded in 2007.[7] MedAssets expanded its services over time and offerings included cost and clinical resource management, purchasing and revenue cycle solutions, change management consulting, and data-driven analytic software.[8]

Acquisitions

References

  1. Web site: MedAssets-Precyse gets new name:nThrive. 24 June 2016 .
  2. Web site: Financial Statements for MedAssets, Inc..
  3. Web site: Gamble . Molly . 2014-08-13 . MedAssets to acquire Sg2 . 2024-01-16 . www.beckershospitalreview.com . en-gb.
  4. Web site: MedAssets Locations . https://web.archive.org/web/20131117184109/http://live-medassets.cp-access.com/contact/locations . dead . November 17, 2013 . MedAssets.
  5. Web site: Bardis . John . 2011-10-27 . CEO Blog: Changing How We Pay for Healthcare . 2024-01-16 . www.cnbc.com.
  6. Web site: 2014-08-06 . 6 of the largest GPOs . 2024-01-16 . www.beckershospitalreview.com . en-gb.
  7. Web site: 13 December 2007 . MedAssets IPO raises $212.8 million, top of range . Reuters.
  8. Web site: MedAssets Solutions . https://web.archive.org/web/20131115062543/http://live-medassets.cp-access.com/solutions/ . dead . November 15, 2013 . MedAssets.
  9. http://www.prnewswire.com/news-releases/medassets-acquires-xactimed-to-expand-revenue-cycle-management-business-58536452.html XactiMed Acquisition
  10. Web site: Rhea . Shawn . 20 September 2010 . Rivals no more: MedAssets to scoop up Broadlane for $850 million . Modern Healthcare.
  11. Web site: Lee . Jaimy . 13 August 2014 . MedAssets buying analytics firm Sg2 in first deal since 2010 . Modern Healthcare.