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]
 | |
| Company type | Public |
|---|---|
| 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) |
| 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 | MedAssets |
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
editJohn 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
edit- In 1999, MedAssets acquired the GPO InSource Health Services of Los Angeles, California (see 2001 acquisition note for reference)[citation needed]
- 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
edit- ^ "MedAssets-Precyse gets new name:nThrive". 24 June 2016.
- ^ a b c d e "Financial Statements for MedAssets, Inc".
- ^ Gamble, Molly (2014-08-13). "MedAssets to acquire Sg2". www.beckershospitalreview.com. Retrieved 2024-01-16.
- ^ "MedAssets Locations". MedAssets. Archived from the original on November 17, 2013.
- ^ Bardis, John (2011-10-27). "CEO Blog: Changing How We Pay for Healthcare". www.cnbc.com. Retrieved 2024-01-16.
- ^ "6 of the largest GPOs". www.beckershospitalreview.com. 2014-08-06. Retrieved 2024-01-16.
- ^ "MedAssets IPO raises $212.8 million, top of range". Reuters. 13 December 2007.
- ^ "MedAssets Solutions". MedAssets. Archived from the original on November 15, 2013.
- ^ XactiMed Acquisition
- ^ a b Rhea, Shawn (20 September 2010). "Rivals no more: MedAssets to scoop up Broadlane for $850 million". Modern Healthcare.
- ^ Lee, Jaimy (13 August 2014). "MedAssets buying analytics firm Sg2 in first deal since 2010". Modern Healthcare.