MedAssets, a healthcare performance improvement company currently serving 80 percent of hospitals across the U.S., has announced it will be acquired by Pamplona Capital Management for $2.7 billion. The sale will split MedAssets revenue-cycle management segment from its group purchasing and consulting business, a move that portends a healthcare marketplace shakeup.
Pamplona is planning to combine the MedAssets revenue cycle management business with its Precyse business, as well as sell the MedAssets spend and clinical resource management business to VHA-UHC Alliance, a network of non-for-profit hospitals.
“Aligning MedAssets’ SCM offerings with VHA-UHC Alliance’s technologies and expertise will create a more robust experience for our collective members and customers,” said Curt Nonomaque, president and chief executive officer of VHA-UHC Alliance. “Our broader partnership with Pamplona will be similarly valuable, creating synergies that will enable us to better serve our members and customers.” For the full article click here
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