MedAssets

Last updated
MedAssets, Inc
Company type Public
IndustryHealth Care Technology
Founded1999
FateIn the year 2016 was acquired by Pamplona Capital Management later merged with Equation now known as nThrive [1]
Headquarters
Alpharetta, Georgia
Key people
John Bardis (CEO)
Products Revenue Cycle Management
Accountable Care Management
Spend and Clinical Resource Management
Advisory Solutions
Payor Solutions
RevenueIncrease2.svg US$680.4 Million (FY 2013) [2]
Increase2.svg US$90.743 Million (FY 2013) [2]
Increase2.svg US$27.441 Million (FY 2013) [2]
Total assets Decrease2.svg US$1.613 Billion (FY 2013) [2]
Total equity Increase2.svg US$489.789 Million (FY 2013) [2]
Number of employees
3,400
Website 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]

Contents

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

Related Research Articles

LexisNexis Risk Solutions is a global data and analytics company that provides data and technology services, analytics, predictive insights and fraud prevention for a wide range of industries. It is headquartered in Alpharetta, Georgia, and has offices throughout the U.S. and in Australia, Brazil, China, France, Hong Kong SAR, India, Ireland, Israel, the Philippines and the United Kingdom

Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.

IMS Health was an American company that provided information, services and technology for the healthcare industry. IMS stood for Intercontinental Medical Statistics. It was the largest vendor of U.S. physician prescribing data. IMS Health was founded in 1954 by Bill Frohlich and David Dubow with Arthur Sackler having a hidden ownership stake. In 2010, IMS Health was taken private by TPG Capital, CPP Investment Board and Leonard Green & Partners. The company went public on April 4, 2014, and began trading on the NYSE under the symbol IMS. IMS Health was headquartered in Danbury, Connecticut.

Extreme Networks, Inc., is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.

Community Health Systems (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021.

IQVIA, formerly Quintiles and IMS Health, Inc., is an American Fortune 500 and S&P 500 multinational company serving the combined industries of health information technology and clinical research. IQVIA is a provider of biopharmaceutical development, professional consulting and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including investment strategy and management consulting services. It has a network of more than 88,000 employees in more than 100 countries and a market capitalization of US$49 billion as of August 2021. As of 2023, IQVIA was reported to be one of the world's largest contract research organizations (CRO).

Centricity is a brand of healthcare IT software systems from GE Healthcare, formerly a division of General Electric. It includes software for independent physician practices, academic medical centers, hospitals and large integrated delivery networks. The various modules perform practice management, revenue cycle management, electronic medical records, medical imaging, and other functions.

<span class="mw-page-title-main">EXL Service</span> American multinational professional services

EXL Service is a global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and others. The company is headquartered in New York and has more than 40,000 professionals in locations throughout the United States, Europe, Asia, Latin America, Australia and South Africa.

<span class="mw-page-title-main">Thomson Reuters</span> Canadian multinational information conglomerate

Thomson Reuters Corporation is a Canadian multinational information conglomerate. The company was founded in Toronto, Ontario, Canada and maintains its headquarters in that city's Bay Adelaide Centre.

<span class="mw-page-title-main">Welsh, Carson, Anderson & Stowe</span> American private equity firm

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing in two growth industries, technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

Laboratory Corporation of America Holdings, more commonly known as Labcorp, is an American healthcare company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. Labcorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered. As of 2018, Labcorp processes 2.5 million lab tests weekly.

Athenahealth is a private American company that provides network-enabled services for healthcare and point-of-care mobile apps in the United States.

<span class="mw-page-title-main">NextGen Healthcare</span> American software and services company

NextGen Healthcare, Inc. is an American software and services company headquartered in Atlanta, Georgia. The company develops and sells electronic health record (EHR) software and practice management systems to the healthcare industry. NextGen Healthcare also provides population health, financial management, and clinical solutions for medical and dental practices. On September 7, 2018, Quality Systems, Inc. changed its name to NextGen Healthcare, Inc. and on September 10, their stock ticker symbol changed to NASDAQ: NXGN.

Veradigm is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record (EHR) technology. Veradigm also provides products for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has products in 2,700 hospitals and 13,000 extended care organizations. The company formally changed its name from Allscripts to Veradigm in January 2023.

CareCloud, Inc. is a publicly traded American healthcare information technology company that provides services, to healthcare providers and hospitals. The Company maintains its headquarters in Somerset, New Jersey, and employs approximately 4,000 workers worldwide.

Black Knight, Inc. is an American corporation that provides integrated technology, services, data and analytics to the mortgage lending, servicing and real estate industries, as well as the capital and secondary markets. Black Knight is also known for its monthly benchmark data reports: Mortgage Monitor, a month-end analysis of mortgage performance statistics derived from Black Knight's loan-level database representing the majority of the national mortgage market; and Originations Market Monitor, the industry's earliest and most comprehensive view of single-family residential mortgage originations based on daily rate lock data from Black Knight's Optimal Blue PPE. In 2023, Intercontinental Exchange acquired the company for $11.7 billion.

Adobe Experience Cloud (AEC), formerly Adobe Marketing Cloud (AMC), is a collection of integrated online marketing and web analytics products by Adobe Inc.

HMS Holdings Corp. was founded in 1974 and is based in Irving, Texas. The company was formerly listed on Nasdaq but acquired by private-equity firm Veritas Capital in 2021.

Change Healthcare is a provider of revenue and payment cycle management that connects payers, providers, and patients within the U.S. healthcare system. The name also refers to a company founded in 2007 which subsequently became part of the current conglomerate. The company operates the largest financial and administrative information exchange in the United States.

Veritas Capital Fund Management, L.L.C. is a New York–based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. The firm's first fund closed in 1998. They closed an eighth flagship fund in 2022; in all, Veritas has approximately $45 billion of assets under management. Veritas is led by Ramzi Musallam, the firm's Chief Executive Officer and Managing Partner.

References

  1. ↑ "MedAssets-Precyse gets new name:nThrive". 24 June 2016.
  2. 1 2 3 4 5 "Financial Statements for MedAssets, Inc".
  3. ↑ Gamble, Molly (2014-08-13). "MedAssets to acquire Sg2". www.beckershospitalreview.com. Retrieved 2024-01-16.
  4. ↑ "MedAssets Locations". MedAssets.[ dead link ]
  5. ↑ Bardis, John (2011-10-27). "CEO Blog: Changing How We Pay for Healthcare". www.cnbc.com. Retrieved 2024-01-16.
  6. ↑ "6 of the largest GPOs". www.beckershospitalreview.com. 2014-08-06. Retrieved 2024-01-16.
  7. ↑ "MedAssets IPO raises $212.8 million, top of range". Reuters. 13 December 2007.
  8. ↑ "MedAssets Solutions". MedAssets.[ dead link ]
  9. ↑ XactiMed Acquisition
  10. 1 2 Rhea, Shawn (20 September 2010). "Rivals no more: MedAssets to scoop up Broadlane for $850 million". Modern Healthcare.
  11. ↑ Lee, Jaimy (13 August 2014). "MedAssets buying analytics firm Sg2 in first deal since 2010". Modern Healthcare.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.