MedAssets To Buy Sg2 For About $142 Mln

(RTTNews) - MedAssets, Inc., (MDAS) said Wednesday that it has agreed to buy privately held SG-2, LLC for about $142 million.

Based in Skokie, Ill., Sg2 is a leading 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 current and future market dynamics in order to capitalize on growth and performance improvement opportunities.

Sg2's SaaS-based EDGE intelligence and analytics platform provides a valuable lens into national, regional and local trends and forecasts throughout the full healthcare continuum.

MedAssets will finance the acquisition with cash on hand and borrowings under its existing credit facility. Sg2 financial results and additional terms of the deal were not disclosed.

The deal is expected to be completed within 60 to 90 days.