April 30, 2008
On April 29, Willkie client MedAssets, Inc. announced that it has entered into a definitive agreement to acquire Accuro Healthcare Solutions, Inc. for approximately $350 million in cash and stock, including debt. Accuro is a leading provider of revenue cycle management (RCM) solutions for hospitals and other healthcare providers. MedAssets partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions. MedAssets serves more than 125 health systems, 2,500 hospitals and 30,000 non-acute care healthcare providers. The combination creates a leading healthcare ASP-based technology and services provider with more than 2,000 RCM hospital facility customers. The deal was handled by partners Steven Gartner, Morgan Elwyn, Christopher Peters and David Rubinsky; special counsel Kim Walker; and associates Manuel Miranda, Jeffery Fang, Katie Calabrese and Genevieve Blake.
