MedAssets Announces Executive and Board Member Change

ATLANTA--(BUSINESS WIRE)-- MedAssets, Inc. (NASDAQ: MDAS) today announced that Patrick T. Ryan has stepped down from the company’s board of directors and management team. Ryan joined MedAssets in November 2010 following its acquisition of The Broadlane Group, where he served as chairman and chief executive officer since 2008.

“It has been almost nine months since we announced that MedAssets and Broadlane would come together to form the industry’s leading end-to-end financial improvement company. I am grateful Pat agreed to stay on board to support the integration and to ensure a smooth transition. Together, we assembled a top-class team of senior operating executives, and set the course for future growth,” said John A. Bardis, chairman, president and chief executive officer, MedAssets. “On behalf of our board of directors, we thank Pat for his leadership and wish him continued success and happiness.”

Pat Ryan commented, “I have the greatest respect for John, the MedAssets management team and board of directors, who have positioned the company as one of the most strategic leaders in the healthcare industry. They have built a tremendous business enterprise to help healthcare providers improve their financial and operating performance, and I look forward to watching the company’s continued success.”

Joseph P. Greskoviak has been promoted to president, spend and clinical resource management segment. He was previously executive vice president of client strategy, and served as executive vice president and chief development officer for Broadlane for 12 years prior to its acquisition by MedAssets. Greskoviak also worked for Premier, Inc. from 1994 to 2000 and served as vice president of business development and e-commerce for Premier Purchasing Partners. Prior to that, he held various executive positions for healthcare providers in the Chicago area, including administrative director of ambulatory and urgent care at the West Suburban Hospital Medical Center in Chicago. Greskoviak began his healthcare career as project director at Shared Medical Systems.

“Joe has an outstanding track record and has become one of the most important executives in the healthcare supply chain industry,” Bardis added. “This is a well-deserved promotion and we believe Joe’s expanded role will strengthen MedAssets delivery on corporate strategies for growth, as well as commitment to our customers’ financial improvement and success.”

About MedAssets

MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing revenue cycle, spend and clinical resource management solutions that help capture revenue, control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 180 health systems, 4,000 hospitals and 90,000 non-acute healthcare providers. The company currently manages $45 billion in supply spend and touches over $316 billion in total patient revenue annually through its revenue cycle solutions. For more information, go to www.medassets.com.

mdas/F



CONTACT:

MedAssets, Inc.
Robert Borchert, 678-248-8194
[email protected]

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:   Technology  Data Management  Software  Health  Hospitals  Professional Services  Finance

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