Key Developments: MedAssets Inc (MDAS.OQ)

MDAS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

MedAssets Inc signs definitive agreement to acquire Sg2
Wednesday, 13 Aug 2014 08:00am EDT 

MedAssets Inc:Signs definitive agreement to acquire privately held SG-2, LLC (Sg2).Says for about $142 mln.Under terms of agreement, MedAssets will acquire Sg2 for about $142 mln to be funded with cash on hand and borrowings under existing credit facility.Sg2 financial results and additional terms of the transaction were not disclosed.Transaction is subject to customary closing conditions and regulatory approvals, and is expected to be completed within 60 to 90 days.Deutsche Bank Securities Inc., is acting as the exclusive financial advisor to MedAssets in this transaction, and Willkie Farr & Gallagher LLP is acting as company's legal counsel.Marwood Group acted as market research advisor during due diligence for the transaction. Robert W. Baird is acting as financial advisor to Sg2 in the transaction, and Freeborn & Peters is acting as legal counsel.  Full Article

MedAssets Inc lowers FY 2014 guidance
Wednesday, 30 Jul 2014 04:04pm EDT 

MedAssets Inc:Expects FY 2014 total net revenue of $698.0 million - $710.0 million.Expects FY 2014 Non-GAAP adjusted EBITDA of $231.0 million - $239.0 million.Expects FY 2014 GAAP EPS diluted of $0.55 - $0.63.Expects FY 2014 Non-GAAP adjusted EPS diluted of $1.32 - $1.40.FY 2014 revenue of $705.8 million, EBITDA of $235.5 million and EPS of $1.37 - Thomson Reuters I/B/E/S.  Full Article

MedAssets Inc reaffirms FY 2014 guidance
Wednesday, 30 Apr 2014 04:04pm EDT 

MedAssets Inc:Maintains FY 2014 financial guidance ranges.Expects FY 2014 total net revenue of $700.0 million - $714.0 million.Expects FY 2014 Non-GAAP adjusted EBITDA of $232.0 million - $242.0 million.Expects FY 2014 GAAP EPS diluted of $0.56 - $0.66.Expects FY 2014 Non-GAAP adjusted EPS diluted of $1.33 - $1.43.FY 2014 revenue of $707.6 million, EBITDA of $236.0 million and EPS of $1.39 - Thomson Reuters I/B/E/S.  Full Article

MedAssets Inc gives FY 2014 guidance- Conference call
Wednesday, 12 Mar 2014 03:45pm EDT 

MedAssets Inc:Says that midpoint of its fiscal 2014 revenue guidance is $707 million.Plans to hit $237 million of EBITDA for fiscal 2014.Fiscal 2014 revenue estimate $708 million and EBITDA estimate $236 million -Thomson Reuters I/B/E/S.  Full Article

Medassets Inc announces share repurchase plan
Wednesday, 26 Feb 2014 04:06pm EST 

Medassets Inc:Says the Board has authorized the repurchase of up to $75 mln of the company's common stock over the next twelve months.  Full Article

Medassets Inc gives FY 2014 guidance in line with analysts' estimates
Wednesday, 26 Feb 2014 04:04pm EST 

Medassets Inc:Expects FY 2014 total net revenue of between $700-$714 million, non-GAAP adjusted EBITDA of between $232-$242 million, GAAP diluted EPS $0.57-$0.67 and diluted non-GAAP adjusted EPS of $1.33-$1.43.FY 2014 revenue of $709 million, EBITDA of $235 million and EPS of $1.40 - Thomson Reuters I/B/E/S.  Full Article

Richmond University Medical Center renews longstanding services relationship with Medassets Inc to improve revenue performance
Thursday, 23 Jan 2014 08:30am EST 

Medassets Inc:Says Richmond University Medical Center (RUMC) is among the latest health providers to select MedAssets Recovery and Collection Solutions in order to sustain practice operational and financial performance.Says under terms of the agreement, RUMC has renewed its longstanding use of MedAssets Extended Business Office Services to support fast and efficient conversion of accounts receivable (A/R) to revenue and cash flow.  Full Article

Medassets Inc renews agreement with Kaiser Permanente
Wednesday, 15 Jan 2014 02:00pm EST 

Medassets Inc:Says it has renewed a multi-year agreement with Kaiser Permanente, the healthcare provider in California, to provide Strategic Sourcing and Spend Analytics solutions.Says under the terms of the agreement, MedAssets will continue to serve as the exclusive group purchasing organization for Kaiser Permanente facilities across the country.  Full Article

Medassets Inc reaffirms FY 2013 guidance- Conference Call
Tuesday, 14 Jan 2014 11:30am EST 

Medassets Inc:Says it reaffirming FY 2013 guidance.Says the company is targeting around 5 pct, plus or minus, on revenue; consolidated EBITDA between about 4 pct and 7 pct; and adjusted EPS between about 12.5 pct to about 16 pct versus prior year.Says for FY 2013, the company anticipating $674 million of revenue with $219 million of adjusted EBITDA.FY 2013 revenue of $675 million , EBITDA of $220 million and EPS of $1.30 - Thomson Reuters I/B/E/S.  Full Article

Medassets Inc Lowers FY 2013 Revenue And EBITDA Guidance; Narrows FY 2013 EPS Guidance
Wednesday, 30 Oct 2013 04:04pm EDT 

Medassets Inc announced for fiscal 2013, it expects total net revenue of between $671.0-$677.0 million, non-GAAP adjusted EBITDA of between $216.0-$222.0 million, GAAP diluted EPS $0.39-$0.43 and diluted non-GAAP adjusted EPS of $1.27-$1.31. According to I/B/E/S Estimates analysts are expecting the Company to report revenue of $680 million, EBITDA of $222 million and EPS of $1.32 for fiscal 2013.  Full Article

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