MedAssets to launch $150 million term loan on Tuesday

By Sara Rosenberg

New York, June 11 - MedAssets Inc. is scheduled to hold a conference call at 1 p.m. ET on Tuesday to launch its proposed $150 million term loan, according to a market source.

Bank of America is the lead bank on the deal.

The term loan is being talked at Libor plus 250 basis points.

Proceeds will be used to fund a dividend payment.

MedAssets is an Alpharetta, Ga.-based company that improves health care providers' margin and cash flow through revenue cycle and supply chain initiatives as well as decision support technology and services.

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