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Company Description (as filed with the SEC)
MedAssets is headquartered in Alpharetta, Georgia, and was incorporated in 1999. We are a financial and performance improvement company providing technology-enabled products and services (“solutions”) that, together, help mitigate the increasing financial challenges faced by hospitals, health systems, and other non-acute healthcare providers. These challenges include higher costs resulting from increasing complexity in operational approaches and clinical care as well as lower revenues due to the rising complexity of healthcare reimbursement, reductions in elective procedures and high levels of uncompensated care. According to quarterly financial disclosure reports, the median hospital operating margin was 4.6% in 2012, and approximately 23% of hospitals reported a negative total profit margin for the year. ... More ...