MedAssets
 | |
| Company type | Private |
|---|---|
| Industry | Health Care Technology |
| Founded | 1999 |
| Fate | In the year 2016 was acquired by Pamplona Capital Management later merged with Equation now known as nThrive [1] |
| Headquarters | |
Key people | John Bardis CEO and President |
| Products | Revenue Cycle Management Accountable Care Management Spend and Clinical Resource Management Advisory Solutions Payor Solutions |
| Revenue |  US$680.4 Million (FY 2013)[2] |
| US$90.743 Million (FY 2013)[2] | |
| US$27.441 Million (FY 2013)[2] | |
| Total assets |  US$1.613 Billion (FY 2013)[2] |
| Total equity | US$489.789 Million (FY 2013)[2] |
Number of employees | 3,400 |
| Website | www |
MedAssets, Inc. was an American healthcare performance improvement company. It provides products and services to 4,400 hospitals and 122,000 non-acute healthcare providers.[3] The Alpharetta, Georgia based company has 15 offices across the United States. States with a MedAssets location include California, Colorado, Georgia, New Jersey, Texas, and Washington.[4] In early 2016 MedAssets was split into two companies and was sold out and the company no longer exists in the original form although some of its products exist under other brand names.
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. Since its inception, MedAssets has become the largest GPO in the United States.[6] The company became publicly traded in 2007.[7] MedAssets expanded its services over time and current offerings include cost and clinical resource management, purchasing and revenue cycle solutions, change management consulting, and data-driven analytic software.[8]
Acquisitions
In 2007, MedAssets acquired Xactimed[9]
In 2008, MedAssets acquired Accuro Healthcare Solutions[10]
In 2010, MedAssets acquired rival Broadlane[10]
In 2014, MedAssets acquired Sg2[11]
References
- ^ "MedAssets-Precyse gets new name:nThrive".
- ^ a b c d e "Full financial results".
- ^ http://www.medassets.com/about-us/facts-figures
- ^ "http://www.medassets.com/contact/locations
- ^ "http://www.cnbc.com/id/45062225#.
- ^ "http://www.beckershospitalreview.com/supply-chain/6-of-the-largest-gpos.html
- ^ http://www.reuters.com/article/2007/12/12/medassets-ipo-idUSWEN293720071212
- ^ "http://www.medassets.com/solutions/
- ^ http://ir.medassets.com/releasedetail.cfm?ReleaseID=265934
- ^ a b http://www.modernhealthcare.com/article/20100920/MAGAZINE/100919939
- ^ http://www.marketwatch.com/story/medassets-completes-acquisition-of-sg2-2014-09-22