MedAssets Closes $142 Mln Acquisition Of Sg2 - Quick Facts

(RTTNews) - MedAssets Inc (MDAS) said Monday that it has closed the $142 million acquisition of SG-2 LLC.

Based in Skokie, Ill., Sg2 is a provider of healthcare market intelligence, strategic analytics and clinical consulting services that help more than 1,400 hospitals, health systems, as well as pharmaceutical and medical device companies understand market dynamics in order to capitalize on growth and performance improvement opportunities.

MedAssets said the Sg2 business is expected to be slightly accretive in calendar 2015 on stand-alone basis, and MedAssets may increase its investment to drive additional long-term growth opportunities.

Sg2's full-year 2014 net revenue is expected to be about $40 million (excluding any potential write down of deferred revenue resulting from purchase accounting adjustments).