TowerBrook Capital To Sell Broadlane Group To MedAssets Inc. For $850 Million

TowerBrook Capital Partners, L.P. agreed to sell portfolio company The Broadlane Group Inc. to MedAssets Inc. for $850 million in cash. Broadlane providescost management solutions to the U.S. health care industry. The transaction is expected to close within 60 to 90 days. TowerBrook acquired Broadlane in August 2008.

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