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MedAssets Promotes Bharat Sundaram to President, SCM Segment

ATLANTA, Aug. 28, 2015 (GLOBE NEWSWIRE) -- MedAssets, Inc. (NASDAQ:MDAS) today announced that it promoted Bharat Sundaram to president of its Spend and Clinical Resource Management (SCM) segment, effective immediately. In this role, Mr. Sundaram will provide overall leadership and set strategic direction for operations, product development, implementation, client service, and sales and marketing. He reports to Mike Nolte, MedAssets president and chief operating officer.

"Bharat has a collaborative and action-oriented style that is driving necessary business improvements in operational alignment, integration and accountability throughout our organization. His team's recent initiatives in data analytics and technology to enhance supply chain visibility and the value our customers realize from our solution portfolio, as well as plans to improve our overall customer value proposition. These and other actions will help inform our future decisions on how and where to invest for long-term success," said Halsey Wise, MedAssets chairman and chief executive officer. "We are confident that Bharat and his senior team have the deep industry experience, proven leadership and innovation focus to help MedAssets realize our SCM segment's full potential in a value-based healthcare environment."

Mr. Sundaram's broad background includes business experience in strategy, operations, acquisitions and integration, and large-scale business transformation in both technology and service industries. He was most recently general manager, supply chain solutions and prior to that held a number of roles with increasing responsibility, including SVP of enterprise operations as well as interim chief information officer. Mr. Sundaram joined MedAssets in 2009 as a member of the corporate development team. Prior to MedAssets, he was with the Boston Consulting Group. Mr. Sundaram received his bachelor's degree in Industrial Engineering from the University of California at Berkeley and an MBA from the University of Pennsylvania's Wharton School of Business.

About MedAssets

MedAssets (NASDAQ:MDAS) is a healthcare performance improvement company focused on helping providers realize financial and operational gains so that they can sustainably serve the needs of their community. Approximately 4,500 hospitals and 123,000 non-acute healthcare providers currently use the company's evidence-based solutions, best practice processes and analytics to help reduce the total cost of care, enhance operational efficiency, align clinical delivery and improve revenue performance across the care continuum. For more information, please visit www.medassets.com.

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CONTACT: Media Contact: Lea Volpe 678.248.8203 lvolpe@medassets.com Investor Contact: Robert P. Borchert 678.248.8194 rborchert@medassets.com

Source:MedAssets