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Legal Issues MedAssets to Acquire Accuro Health Solutions
Legal Issues MedAssets to Acquire Accuro Health Solutions
| MedAssets to Acquire Accuro Health Solutions |
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| Written by Stephanie Wasek | |
| Friday, 02 May 2008 | |
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Group purchasing organization MedAssets has announced it will acquire Accuro Healthcare Solutions, a provider of revenue cycle management solutions for hospitals and other healthcare providers. The combination of MedAssets and Accuro creates a leading healthcare ASP-based technology and services provider with 2007 pro forma net revenue of approximately $278 million; the combined companies' customer footprint is expected to exceed 3,300 U.S. hospitals, including more than 2,000 RCM hospital facility customers.
"The primary reason for this transaction is to increase the value we can collectively deliver to hospitals and health systems. We are broadening MedAssets' revenue cycle management solution suite with the addition of Accuro's ASP-based products," says John A. Bardis, chairman, president and CEO of MedAssets, in a statement. MedAssets predicts the combination will result in the ability to deliver near-term financial ROI with minimal or no capital expenditure to the customer and additional opportunity to grow market share by leveraging MedAssets' national sales organization and leadership position.  |
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