Willkie Reps MedAssets In $850M Broadlane Buy

Law360, New York (September 14, 2010, 6:21 PM EDT) -- Health care supply chain consultant MedAssets Inc. on Tuesday announced a deal to acquire privately owned rival The Broadlane Group in an $850 million all-cash deal.

Under the terms of the tie-up, MedAssets will pay $725 million for The Broadlane Group when the deal closes and $125 million in January 2012.

The companies said they expected the deal to be completed within 90 days, subject to the customary closing conditions and regulatory approvals, including obtaining antitrust clearances.

Funding for the transaction has been secured through financing...
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