ATLANTA, Jun 21, 2010 - MedAssets Inc. (NASDAQ: MDAS) has been selected to be the preferred replacement for the Ascent(R), contract management solution, for hospitals from Thomson Reuters. The Ascent solution will be discontinued on December 31, 2012.

In order to ease the transition of its customers to a new contract management solution, Thomson Reuters conducted a thorough review of several vendors. MedAssets was chosen based on the product's stability and its history of returning superior results to its customers. MedAssets' contract management solution, Contract Manager, earned top rankings in the Revenue Cycle - Contract Management category in the 2009 Top 20 Best in KLAS Awards: Software & Professional Services Report and in each of the three previous years.

"After reviewing all of the contract management options available, it was clear to us that the MedAssets solution offers the most potential for this group of customers," said Ahsan Rahim, Vice President, Healthcare Provider Strategy, Thomson Reuters. "MedAssets' Contract Manager solution has positive client references and a solid track record of success stories."

"MedAssets is proud to help the Ascent contract management clients as their product is discontinued," said Neil Hunn, Chief Financial Officer and President - Revenue Cycle Technology, for MedAssets. "Thomson Reuters has a history of providing exceptional service to its healthcare industry clients, and we look forward to helping its customers further achieve their financial improvement goals. Improving reimbursement accuracy is a top priority for healthcare providers as pressure on margins accelerates. With MedAssets' Contract Manager, healthcare providers have the actionable information they need to negotiate payor contracts and ensure payments are compliant with contractual obligations. As healthcare providers focus more on improving margins, tools such as Contract Manager will be critical to achieve sustained improvement."

For more information about MedAssets' Contract Manager solution, please visit the MedAssets Website.

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