MedAssets To Buy XactiMed

MedAssets Inc. of Alpharetta, Ga. has agreed to acquire XactiMed, a Richardson, Texas-based provider of Web-based revenue cycle technologies and services to the healthcare industry. No financial terms were disclosed for the deal, which is expected to close next month. MedAssets is backed by Galen Partners, Grotech Capital Group and Parthenon Capital, while XactiMed is controlled by Buena Venture Associates, a fund founded by Sid R. Bass and Lee M. Bass.