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MedAssets Files for IPO

MedAssets Inc., an Alpharetta, Ga.-based provider of software to improve operating margin and cashflow for hospitals and health systems, has filed for a $230 million IPO. It plans to trade on the Nasdaq under vticker symbol MDAS, with Morgan Stanley and Lehman Brothers serving as co-lead underwriters. MedAssets shareholders include Galen Partners (23.2% pre-IPO stake), Parthenon Capital (18.6%) and Grotech Capital Group.