MedAssets, Inc. (MDAS) news stock charts
MedAssets, Inc. (MDAS) Investment Summary:
The Company, headquartered in Alpharetta, Georgia, was incorporated in 1999. MedAssets provides technology-enabled products and services which together deliver solutions designed to improve operating margin and cash flow for hospitals and health systems. We believe implementation of our full suite of solutions has the potential to improve customer operating margins by 1.5% to 5.0% of revenues through increasing revenue capture and decreasing supply costs. The sustainable financial improvements provided by our solutions occur in the near-term and can be quantified and confirmed by our customers. Our solutions integrate with our customers’ existing operations and enterprise software systems and require minimal upfront costs or capital expenditures. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f24%2f0000950144-08-002220.html#FIS_BUSINESS"www.medassets.com
2,200 Employees
Founded in 1999
MEDASSETS INC (MDAS:NASDAQ)
LAST $21.94 USD
CHANGE TODAY -0.05 -0.23%
VOLUME 528.3K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of MEDASSETS INC (MDAS)
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OPEN
$22.12
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PREVIOUS CLOSE
$21.99
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DAY HIGH
$22.12
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DAY LOW
$21.67
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52 WEEK HIGH
10/21/09 - $24.74
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52 WEEK LOW
03/23/09 - $13.12
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MARKET CAP
1.2B
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AVERAGE VOLUME 10 D
234.5K
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EPS TTM
$0.66
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SHARES OUTSTANDING
56.8M
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MDAS Does Not Pay Dividends
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P/E TTM
33.2x
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| K = Thousands M = Millions B = Billions | ||
related news
Investing: Profiting from Insider Moves
07/23/2009 5:00 PM ET
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Key developments for MEDASSETS INC (MDAS)
Odyssey Healthcare Inc. Signs Multi Year Agreement to Use MedAssets' Web-Based Revenue Cycle Management Solutions
03/9/2010
MedAssets, Inc. announced that Odyssey Healthcare Inc. has signed a multi-year agreement to use MedAssets' Web-based revenue cycle management solutions to improve cash flow and business office efficiency and to ensure reimbursement integrity. MedAssets offered the solutions to meet the needs of its unique business model. Odyssey will employ MedAssets' claims management product suite, in addition to its denial management and receivables management solutions.
MedAssets, Inc. Announces Auditor Change
03/8/2010
MedAssets, Inc. announced its board of directors has selected KPMG LLP to serve as the company's independent registered public accounting firm for the fiscal year ending December 31, 2010. KPMG replaces the company's previous independent registered accountants, BDO Seidman, LLP which served as the company's public accounting firm since 2004.
BJC HealthCare Selects MedAssets, Inc. For Revenue Cycle Management Solutions
03/3/2010
BJC HealthCare has selected MedAssets, Inc. charge integrity solutions to automate and standardize its charge description master and pricing for increased efficiency, billing compliance and improved net revenue capture. BJC delivers a wide array of healthcare services to residents in Missouri and Illinois and will implement MedAssets' chargemaster management and pricing management solutions to bring all of its facilities together on a corporate chargemaster. This standardization, in combination with the utilization of the Web-based software tools' workflow automation and reporting capabilities, will allow for increased visibility in understanding the net impact of pricing and rate changes and increase the health care organization's revenue capture opportunities.
MedAssets, Inc. financial resources
MDAS Competitors
| Company | Last | Change |
| Blackbaud Inc | $25.73 USD | -0.05 |
| Eclipsys Corp | $20.74 USD | -0.21 |
| Epicor Software Corp | $9.84 USD | -0.20 |
| Quality Systems Inc | $61.03 USD | +0.17 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | MDAS | Industry Range |
| Price/Earnings | 63.6x |
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| Price/Sales | 3.6x |
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| Price/Book | 2.8x |
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| Price/Cash Flow | 20.4x |
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| TEV/Sales | 3.0x |
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MDAS |
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MDAS transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About MedAssets, Inc.
MedAssets Engages KPMG as Auditor
2010-03-11 02:20:13
Quote: ATLANTA--(BUSINESS WIRE)--MedAssets, Inc. NASDAQMDASNews) today announced its Board ofDirectors has selected KPMG LLP to serve as the Company's independentregistered public accounting firm for the fiscal year ending December31, 2010. KPMG replaces the Company's previous independent registeredaccountants, BDO Seidman, LLP which served as the Company’s publicaccounting firm since 2004.“We are very fortunate to have had the pleasure of working with BDOSeidman for many years, including ...Read article
MEDASSETS INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant
2010-03-09 01:53:36
Quote: Item 4.01 Changes In Registrant's Certifying Accountant.
(a) Dismissal of Principal Accountant
On March 2, 2010, MedAssets, Inc. (the "Company") dismissed BDO Seidman, LLP
as independent registered public accounting firm for the Company. The decision
to dismiss BDO Seidman, LLP was approved by the Audit Committee (the "Audit
Committee") of the Board of Directors of the Company.
BDO Seidman, LLP's audit reports on the Company's consolidated financial
statements for the past ...Read article
MedAssets Engages KPMG as Auditor
2010-03-09 01:53:36
Quote: ATLANTA--(BUSINESS WIRE)--MedAssets, Inc. NASDAQMDASNews) today announced its Board ofDirectors has selected KPMG LLP to serve as the Company's independentregistered public accounting firm for the fiscal year ending December31, 2010. KPMG replaces the Company's previous independent registeredaccountants, BDO Seidman, LLP which served as the Company’s publicaccounting firm since 2004.“We are very fortunate to have had the pleasure of working with BDOSeidman for many years, including ...Read article
MedAssets Reports Fourth Quarter and Year-End 2009 Financial Results
2010-03-03 07:53:55
Quote: ATLANTA--(BUSINESS WIRE)--MedAssets, Inc. MDASNewsNet RevenueFourth QuarterTotal net revenue for the fourth quarter of 2009 increased 14.3% to$95.7 million from $83.7 million in the fourth quarter of 2008. RCMsegment growth of 14.1% was driven primarily by an increase in thedeployment of comprehensive or transformational revenue cycle technologyand services engagements as well as increased demand in reimbursementtechnology solutions. Revenue growth of 14.7% in the SM segment wasgenerated by stro...Read article
MedAssets to Present at the Raymond James Institutional Investor Conference on March 9, 2010
2010-03-03 07:53:52
Quote: Press ReleaseSource: MedAssets, Inc.On Monday March 1, 2010, 2:00 pm ESTATLANTA--(BUSINESS WIRE)--MedAssets, Inc. (NASDAQ:- ) today announced that it will participatein the 31The Company’s formal presentation is scheduled for Tuesday, March 9,2010 at 9:15 am ET. The live audio webcast and replay of thepresentation will be available in the “Events & Presentations†sectionof MedAssets’ investor relations Website at MedAssets (NASDAQ:- ) partners with healthcare providers ...Read article
MedAssets to Present at the Raymond James Institutional Investor Conference on March 9, 2010
2010-03-02 04:23:32
Quote: Press ReleaseSource: MedAssets, Inc.On Monday March 1, 2010, 2:00 pm ESTATLANTA--(BUSINESS WIRE)--MedAssets, Inc. (NASDAQ:- ) today announced that it will participatein the 31The Company’s formal presentation is scheduled for Tuesday, March 9,2010 at 9:15 am ET. The live audio webcast and replay of thepresentation will be available in the “Events & Presentations†sectionof MedAssets’ investor relations Website at MedAssets (NASDAQ:- ) partners with healthcare providers ...Read article
MedAssets Reports Fourth Quarter and Year-End 2009 Financial Results
2010-02-22 07:20:51
Quote: ATLANTA--(BUSINESS WIRE)--MedAssets, Inc. MDASNewsNet RevenueFourth QuarterTotal net revenue for the fourth quarter of 2009 increased 14.3% to$95.7 million from $83.7 million in the fourth quarter of 2008. RCMsegment growth of 14.1% was driven primarily by an increase in thedeployment of comprehensive or transformational revenue cycle technologyand services engagements as well as increased demand in reimbursementtechnology solutions. Revenue growth of 14.7% in the SM segment wasgenerated by stro...Read article
MEDASSETS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2010-02-22 07:20:49
Quote: Item 2.02Results of Operations and Financial Condition.
On February 22, 2010, MedAssets, Inc. (the "Company") issued a press release
describing financial results of the Company for the three months and year ended
December 31, 2009. A copy of the press release is attached as Exhibit 99.1 and
is being incorporated herein by reference.
The Item 2.02 of this Form 8-K and the information incorporated by reference
herein, including Exhibit 99.1 attached hereto, shall not be deemed "fil...Read article
UTMB cleaning up security breach
2010-02-16 04:03:18
Quote: 15, law enforcement officials notified MedAssets that a former employee had been arrested and charged with identity theft.The employee is alleged to have used a stolen identity to misrepresent herself and gain employment at MedAssets, and is also alleged to have been involved in other unrelated instances of identity theft.None of the charges to date are related to information she obtained during her employment with MedAssets.UTMB was notified of the privacy breach on Jan. 21 and has since been w...Read article
MedAssets to Present at the J.P. Morgan Healthcare Conference on January 13, 2010
2010-02-09 03:38:58
Quote: Press ReleaseSource: MedAssets, Inc.On Tuesday January 5, 2010, 10:00 am ESTATLANTA--(BUSINESS WIRE)--MedAssets, Inc. (NASDAQ:- ) today announced that its management teamis expected to participate in the 28The Company’s formal presentation is scheduled for Wednesday, January13, 2010 at 12:30 pm ET (9:30 am PT). The live audio webcast and replayof the presentation will be available in the “Events & Presentationsâ€section of MedAssets’ investor relations website at MedAsse...Read article
MedAssets Retains #1 KLAS Ranking for Claims Management; Contract Management Categories for Fourth Straight Year
2010-02-09 03:38:58
Quote: Press ReleaseSource: MedAssetsOn Wednesday December 16, 2009, 12:25 pm ESTATLANTA--(BUSINESS WIRE)--For the fourth straight year, MedAssets, Inc. (NASDAQ:- ) has earnedtop rankings for itssolution in the Revenue Cycle - Claims Management category and itssolution in the Revenue Cycle - Contract Management categorybased on the annual 2009 “Our KLAS Category Leader rankings are a direct reflection of thesatisfaction of our customers, who see us as a partner in the financialimprovement process...Read article
MedAssets Signs Exclusive GPO Agreement with the Texas Purchasing Coalition
2010-02-09 03:38:57
Quote: The Company will also collaborate with the medical,clinical and administrative staff of TPC member facilities to implementstrategies and processes to reduce costs on high-expense medical devicesand supplies.strategicsourcing of suppliesclinicalutilizationsupplydata and analytical solutions that increase transparency and provideactionable information to control supply costs designed to identifysavings opportunities and manage cost per patient case trends.“Our strategic approach ensures cost...Read article
MedAssets to Report its Fourth Quarter and Year-end 2009 Financial Results on Monday, February 22nd Prior to 7:00 am ET
2010-02-09 03:38:56
Quote: Press ReleaseSource: MedAssets, Inc.On Monday January 25, 2010, 9:00 am ESTMedAssets, Inc. (NASDAQ:- The Company has scheduled a conference call for Monday, February 22,at 8:00 am ET to discuss its business and financial highlights. You willbe able to access a live audio webcast of the call from the “Events &Presentations†page at MedAssets (NASDAQ:- ) partners with healthcare providers to improvetheir financial strength by implementing spend management and revenuecycle solutions tha...Read article
MedAssets to Report its Fourth Quarter and Year-end 2009 Financial Results on Monday, February 22nd Prior to 7:00 am ET
2010-01-26 04:45:40
Quote: Press ReleaseSource: MedAssets, Inc.On Monday January 25, 2010, 9:00 am ESTMedAssets, Inc. (NASDAQ:- The Company has scheduled a conference call for Monday, February 22,at 8:00 am ET to discuss its business and financial highlights. You willbe able to access a live audio webcast of the call from the “Events &Presentations†page at MedAssets (NASDAQ:- ) partners with healthcare providers to improvetheir financial strength by implementing spend management and revenuecycle solutions tha...Read article
MedAssets Signs Exclusive GPO Agreement with the Texas Purchasing Coalition
2010-01-12 02:33:11
Quote: The Company will also collaborate with the medical,clinical and administrative staff of TPC member facilities to implementstrategies and processes to reduce costs on high-expense medical devicesand supplies.strategicsourcing of suppliesclinicalutilizationsupplydata and analytical solutions that increase transparency and provideactionable information to control supply costs designed to identifysavings opportunities and manage cost per patient case trends.“Our strategic approach ensures cost...Read article
MedAssets to Present at the J.P. Morgan Healthcare Conference on January 13, 2010
2010-01-06 01:11:35
Quote: Press ReleaseSource: MedAssets, Inc.On Tuesday January 5, 2010, 10:00 am ESTATLANTA--(BUSINESS WIRE)--MedAssets, Inc. (NASDAQ:- ) today announced that its management teamis expected to participate in the 28The Company’s formal presentation is scheduled for Wednesday, January13, 2010 at 12:30 pm ET (9:30 am PT). The live audio webcast and replayof the presentation will be available in the “Events & Presentationsâ€section of MedAssets’ investor relations website at MedAsse...Read article
MedAssets to Announce Full-Year 2010 Financial Guidance on Wednesday, December 9th before 7:00 am ET
2009-12-22 02:20:28
Quote: Press ReleaseSource: MedAssets, Inc.On Monday December 7, 2009, 2:09 pm ESTMedAssets, Inc. (NASDAQ:- The Company has scheduled a conference call for Wednesday, December 9,at 8:00 am ET to discuss its financial and business highlights. You willbe able to access a live audio webcast of the call from the “Events &Presentations†page at MedAssets (NASDAQ:- ) partners with healthcare providers to improvetheir financial strength by implementing spend management and revenuecycle solutions t...Read article
MedAssets Retains #1 KLAS Ranking for Claims Management; Contract Management Categories for Fourth Straight Year
2009-12-22 02:20:24
Quote: Press ReleaseSource: MedAssetsOn Wednesday December 16, 2009, 12:25 pm ESTATLANTA--(BUSINESS WIRE)--For the fourth straight year, MedAssets, Inc. (NASDAQ:- ) has earnedtop rankings for itssolution in the Revenue Cycle - Claims Management category and itssolution in the Revenue Cycle - Contract Management categorybased on the annual 2009 “Our KLAS Category Leader rankings are a direct reflection of thesatisfaction of our customers, who see us as a partner in the financialimprovement process...Read article
MedAssets Reports Third Quarter and Nine-Month 2009 Financial Results
2009-11-30 04:24:04
Quote: ATLANTA--(BUSINESS WIRE)--MedAssets, Inc. MDASNewsNet RevenueThird QuarterTotal net revenue for the third quarter of 2009 increased 8.5% to $82.4million from $76.0 million in the third quarter of 2008. The RevenueCycle Management segment growth was driven primarily by increased demandfor the Company’s reimbursement and compliance technology tools, as wellas growth from its revenue cycle services and decision supportcapabilities. The Spend Management segment experienced growth in itsmedica...Read article
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