The MedAssets healthcare performance improvement firm is being acquired by the Pamplona Capital Management investment firm. Pamplona plans to combine MedAssets’ Revenue Cycle Management (RCM) unit, which currently serves more than 2,700 hospital clients and touches more than $450 billion in gross patient revenue annually, with the Precyse health information management services, technology, and education firm it already owns.
MedAssets and Precyse already have a strategic partnership and share a number of customers, and their offerings are highly complementary, per a Pamplona news release announcing the deal. "This combined enterprise will offer an end-to-end RCM and HIM solution and will be ideally positioned to partner with health systems to meet the needs of an evolving reimbursement environment which is increasingly requiring outsourced and clinically-integrated revenue cycle solutions," the release added.
Following completion of the deal, Pamplona will also spin off MedAssets’ Spend and Clinical Resource Management unit to the VHA-UHC Alliance NewCo, Inc. network of non-profit hospitals and academic medical centers.
MedAssets has relationships with four out of every five hospitals in the United States, providing them with solutions to reduce costs, enhance efficiencies and improve revenue performance.
Contact Mike Buzalka at [email protected]