J. Joel Hackney Jr. will lead MedAssets-Precyse, the new company created by MedAssets' revenue-cycle merger with Precyse, a health information management, services, technology and education company.
Hackney will begin serving in his new role as CEO after Pamplona Capital Management acquires Alpharetta, Ga.-based MedAssets, according to a news release. The deal is expected to close in late January.
Hackney was most recently the president and CEO of Charlotte, N.C.-based Avintiv, which makes specialty materials to reduce infection.
“Joel has extensive experience in transforming companies into leaders within their industries,” said Dr. Jeremy Gelber, partner at Pamplona Capital Management, in a statement. “He is a dynamic leader whose diverse background and experience delivering technology-enabled solutions make him the perfect person to bring together these companies and to build an enterprise that will raise the bar for healthcare revenue cycle and information management at such a critical time in the industry.”
A leadership board overseeing the new company was also announced. Upon closing of the MedAssets transaction, Dennis Norman will become CFO of MedAssets-Precyse. He is currently the executive VP and CFO of Avintiv and has been with that company for 16 years.
Chris Powell has been named president of health information management of the new company. He is currently the CEO of Wayne, Pa.-based Precyse. Powell has held positions with GE Healthcare and IDX Systems Corp., the release said.
Amy Amick has been named president of revenue cycle management. She joined MedAssets in September 2013, the release said, and she is responsible for strategic success and day-to-day operations.
Steven Huddleston has been appointed chief strategy and transformation officer. He is currently a senior adviser at Pamplona and has over 20 years of healthcare experience with large hospital and physician organizations, the release said.
Finally, Barry Murash was named senior vice president of business excellence. According to the release, he has served as president of global operations and business excellence for Avintiv since January 2014.
Pamplona bought MedAssets for $2.7 billion in November. The firm sold off the group purchasing organization and performance-improvement and consulting businesses to the VHA-UHC Alliance. It combined the remaining revenue-cycle management business with Precyse.
