MedAssets to acquire Sg2

Alpharetta, Ga.-based MedAssets has signed a definitive agreement to acquire Skokie, Ill.-based Sg2 for roughly $142 million.

The transaction is expected to be complete within 90 days, and MedAssets will use cash on hand and borrowings under its existing credit facility to make the purchase.

Sg2 is an analytics-based consulting firm with more than 1,400 client healthcare organizations. Michael Sachs, Sg2 chairman, founded the company in 2001.

"I'm excited about Sg2 and MedAssets coming together to expand and complement capabilities," said Mr. Sachs. "Sg2 will be able to have even greater impact and benefit to our clients and the industry."

More than 4,400 hospitals and 122,000 non-acute healthcare providers currently use MedAsset's evidence-based solutions and analytics. John Bardis, MedAssets chairman, president and CEO, said he is excited to have a presence in Chicago, and Sg2's knowledge and market insight is "highly respected."

More articles on healthcare mergers and acquisitions:
Molina Healthcare to acquire Florida Medicaid assets from First Coast Advantage
Maine Coast Memorial considers joining Eastern Maine Healthcare
Duke LifePoint Healthcare acquires WestCare Health System

 

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