MedAssets acquires The Broadlane Group from private equity firm TowerBrook Capital Partners.
On September 14, it was announced that Willkie client MedAssets, Inc., a provider of healthcare supply chain management and revenue cycle management services, has agreed to acquire The Broadlane Group, a portfolio company of private equity firm TowerBrook Capital Partners and provider of healthcare supply chain management, strategic sourcing and consulting services, for $850 million. Atlanta-based MedAssets serves more than 3,300 hospitals and 40,000 non-acute health care providers. Based in Dallas, The Broadlane Group serves more than 1,100 acute-care hospitals and 50,000 non-acute-care locations across the country. Willkie previously assisted MedAssets with its acquisitions of Accuro Healthcare Solutions, Inc., MD-X Systems, XactiMed, Inc. and Avega Partners, Inc.
The current deal was handled by partners Steven Gartner, Morgan Elwyn, William Dye, Christopher Peters, and David Rubinsky; special counsel Jonathan Konoff, David Park, and Kim Walker; and associates Jeffrey Goldfarb and Manuel Miranda.