MedAssets, Alpharetta, Ga., is expanding its services to revenue cycle management through the acquisition of privately held OSI Systems, Atlanta. Financial terms of the deal were not disclosed. MedAssets said it has immediately taken ownership of a suite of tools that can enhance cash flow for healthcare providers. Through its subsidiary MedAssets HSCA, MedAssets has been aggressively challenging the two dominant hospital group purchasing organizations, Novation and Premier. Last year as the GPO industry came under federal scrutiny, MedAssets attracted new customers, with total annual supply purchases of more than $1.7 billion, officials said. -- by Cinda Becker
MedAssets acquires revenue cycle management firm
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