Owensboro Medical Health System Selects MedAssets for Supply Chain Solutions

ATLANTA--MedAssets, Inc. (NASDAQ:MDAS) announced today that Owensboro Medical Health System (OMHS), based in Owensboro, Kentucky signed an agreement for supply chain management. The solutions include group purchasing, supply chain analytics and technology tools from MedAssets’ spend management segment. The agreement was effective November 1, 2007.

OMHS is a regional medical center providing healthcare services to an 11-county region in western Kentucky and southern Indiana. OMHS had an annual net operating revenue of more than $296 million and more than 17,000 annual admissions for the fiscal year ending May 31, 2007.

OMHS is implementing MedAssets’ group purchasing contract portfolio, supply chain technology, and analytical services. A customized contract catalog is in development and will include all local, regional and national agreements to ensure the lowest cost for all items purchased by the system. Strategic Information and Strategic Information for Pharmacy will be used to gain an in-depth look at supply cost and pharmacy purchasing data to identify opportunities for additional savings and will help to significantly drive down supply and pharmacy costs through contract compliance and rebate management as well as pharmacy market share monitoring and identification of cost saving alternatives.

“MedAssets’ spend management solutions offer us an excellent opportunity to further reduce our supply costs,” said Jeff Barber, president and chief executive officer, OMHS. “We also anticipate gaining a greater understanding of our current purchasing behavior and improving these processes for optimal savings and efficiencies.”

“We are excited to partner with the Owensboro Medical Health System to help manage their supply chain expenses and processes,” said Maureen Gender, president, Spend Management segment, MedAssets, Inc. “The combination of group purchasing services, local contracting support, and supply chain management technology products will help drive lower costs, maintain the implemented savings, and continually look for and implement additional cost reduction opportunities.”

MedAssets’ supply chain solutions are part of the MedAssets Merge Technology® platform.

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, including 2,500 hospitals and 30,000 non-acute care healthcare providers. For more information, go to www.medassets.com.

About Owensboro Medical Health System

Owensboro Medical Health System serves an 11-county region in Western Kentucky and Southern Indiana. Our mission is to heal the sick and improve the health of our community. OMHS is a full-service hospital, employing a workforce of over 3,000. In addition to hospital and rehabilitation services, OMHS includes the HealthPark – a medical-based fitness center – home health services, a wound healing center, two outpatient diagnostic centers, the Mitchell Memorial Cancer Center and the McAuley Clinic, which provides health care for the uninsured. OMHS also operates Pennyrile Pulmonary Critical Care, Owensboro; Western Kentucky Rheumatology Center, Owensboro; Convenient Care, and MultiCare, Madisonville.