Moody’s could lower MedAssets

Moody's Investors Service said it placed the ratings of MedAssets, Inc. under review for downgrade, including the B1 corporate family rating and B1-PD probability of default rating.

The review was prompted by the Nov. 2 announcement that Pamplona Capital Management entered into a definitive agreement to acquire MedAssets for an enterprise value of $2.7 billion, including debt.

The transaction is expected to close in the first quarter of 2016, pending receipt of customary approvals and closing conditions.

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