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ATLANTA, Oct 30, 2008 (BUSINESS WIRE) -- MedAssets, Inc. (NASDAQ: MDAS), a leading provider of spend management and revenue cycle solutions to improve the financial strength of healthcare providers, today announced the voting results for proposals considered at its Annual Meeting of Shareholders held at its corporate headquarters this morning, October, 30, 2008.
Four matters were presented for shareholder approval:
1. to re-elect Samantha Trotman Burman, Vernon R. Loucks, Jr., Earl H. Norman and John C. Rutherford as directors to serve for a three-year term until the annual meeting of the Company's stockholders to be held in 2011;
2. to ratify the appointment of BDO Seidman, LLP, as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2008;
3. to provide the company the option, at management's discretion, to issue up to $20 million worth of shares of MedAssets common stock, in connection with the Company's obligations under the Accuro Merger Agreement; and
4. to adopt a new long-term performance incentive plan.
All proposals were approved by the shareholders.
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, go to www.medassets.com.
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SOURCE: MedAssets, Inc.
MedAssets, Inc. Robert P. Borchert, 678-248-8194 VP, Investor Relations rborchert@medassets.com
Copyright Business Wire 2008
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