MedAssets Prices IPO

MedAssets Inc., an Alpharetta, Ga.-based provider of software to improve operating margin and cashflow for hospitals and health systems, raised $212.8 million in its IPO. The company priced 13.3 million common shares at $16 per share ($14-$16 range), for an initial market cap of approximately $685 million. It will to trade on the Nasdaq under ticker symbol MDAS, while Morgan Stanley and Lehman Brothers served as co-lead underwriters.


MedAssets shareholders include Galen Partners (15.7% post-IPO stake), Parthenon Capital (12.6%) and Grotech Capital Group (6.5%).