Willkie Advises MedAssets in $850 Million Acquisition of Broadlane Group

September 16, 2010

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.