MedAssets to Be Bought by Pamplona Capital for $1.88 Billion

November 2, 2015 1:23 PM

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MedAssets Inc., which provides hospital software, will sell itself to private equity firm Pamplona Capital Management for $1.88 billion in cash.

MedAssets will get $31.35 a share, the firms said in a statement Monday. The deal represents a 32 percent premium over MedAssets’ closing price Friday of $23.68.

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