MedAssets files for $230 million IPO

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Group purchasing organization and supply chain technology provider MedAssets has filed a $230 million initial public offering (IPO) of its common stock with the U.S. Securities and Exchange Commission. The company plans to list its stock on the Nasdaq market under the symbol “MDAS.”

The Alpharetta, Ga.-based firm, which provides technology services for hospital and health system cash flow and operating system improvement, said it plans to use proceeds from the IPO to repay debt and for general corporate purposes.

MedAssets said Morgan Stanley and Lehman Brothers are the lead underwriters for the IPO.