MedAssets, which provides business optimization tools to help hospitals and healthcare organizations improve their cash flows, priced its 13.3 million share offering at $16 per share, the high end of its $14-$16 range. The Alpharetta, GA based company generated $50.4 million in cash flow on $190.5 million in proforma sales in the first nine months of 2007. Morgan Stanley and Lehman Brothers acted as joint lead managers on the IPO. The stock is expected to open for trading Thursday morning under the symbol "MDAS" on the Nasdaq.
