UPDATE 1-MedAssets Q3 profit tops market, raises FY view

* Q3 EPS tops estimates

* Q3 rev up 9 pct

* Sees 2009 adj EPS $0.78-$0.84 vs prior view $0.76-$0.84

* Cuts 2009 rev view to $341-$345 mln from $346-$354 mln

Oct 28 (Reuters) - Healthcare IT service provider MedAssets Inc (MDAS.O) posted a higher-than-expected quarterly profit, boosted by strength at its revenue management segment.

Third-quarter net income was $5.9 million, or 10 cents a share, compared with net income of $3.7 million, or 7 cents a share, in the year-ago period.

Excluding items, the company earned 22 cents a share, above analysts' average estimate of 19 cents a share, according to Thomson Reuters I/B/E/S.

Total revenue rose 9 percent to $82.4 million, but missed analysts' mean view of $84.4 million. Revenue at the company's revenue cycle management segment grew 13 percent to $51.6 million on increased demand for the reimbursement and compliance technology tools.

For 2009, MedAssets raised its adjusted earnings forecast to 78 cents to 84 cents a share, but cut its sales view to $341 million to $345 million.

Analysts were expecting full-year earnings of 79 cents a share, before items, on revenue of $349.4 million.

Shares of the company closed at $21.85 Wednesday on Nasdaq. (Reporting by Anuradha Ramanathan in Bangalore; Editing by Pradeep Kurup)