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news.MedAssets has entered into a definitive agreement to acquire Accuro Healthcare Solutions, a provider of revenue cycle managemen solutions focused on delivering tangible financial improvement to hospitals and other healthcare providers.
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Under the terms of the agreement, MedAssets will pay approximately $207 million in cash and 8.85 million shares of MedAssets common stock, plus a deferred payment of $20 million due 12 months after closing. The total transaction value is approximately $350 million, inclusive of Accuro’s $100 million debt outstanding.
MedAssets will fund the cash portion of the transaction with cash on hand and additional bank debt. Bank of America has provided a financing commitment for the funding, though the financing will be largely completed within the company’s existing revolving credit facility and term loan B structure.
MedAssets believes this acquisition will expand its leadership position in hospital-based revenue cycle management by creating a broader and more comprehensive suite of RCM ASP-based software and service solutions.