MedAssets Agrees To Be Acquired By Pamplona Capital For $2.7 Billion

Health care consulting firm MedAssets Inc. said Monday it has agreed to be acquired by private-equity firm Pamplona Capital Management for $2.7 billion in cash. Pamplona will pay $31.35 per each MedAssets share, for a 44.5% premium over the 30-day volume-weighted average price of its stock. The deal is expected to close in the first quarter. Pamplona is planning to combine the MedAssets revenue cycle management business with its Precyse business, and to sell the MedAssets spend and clinical resource management business to VHA-UHC Alliance, a network of non-for-profit hopstials. MedAssets shares were halted in premarket trade, but are up 19% in the year so far, while the S&P 500 has gained 1%.