Supply chain and revenue cycle management software firm MedAssets Inc. will acquire rival The Broadlane Group for $850 million in cash.

The acquisition will expand the market footprint and portfolio of Atlanta-based MedAssets. The company sells a range of revenue cycle management software for provider organizations. Its Spend Management division sells supply chain management applications and operates a group purchasing organization. MedAssets serves 3,300 hospitals, including 1,700 on the supply chain side, many of which also are revenue cycle management clients. The company also serves 40,000 non-acute care providers.

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