Senior Exec Neil Hunn Leaves MedAssets - cbl

Posted September 7, 2011

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By Richard Rabicoff

ALPHARETTA, Ga. -- MedAssets, Inc. (NasdaqGS: MDAS) reported in an SEC filing that Neil Hunn, the President of Revenue Cycle Technology, is leaving the company to pursue the proverbial "other career opportunities."

Hunn will receive a severance of $570,000 in separation pay, most of which will be paid in installments over an 18-month period.

Hunn joined MedAssets as Vice President of Business Development in October 2001 and was named Senior Vice President of Business Development in 2005. Later, Hunn served as President, MedAssets Net Revenue Systems and CFO until being promoted to his final position in January of 2011. Prior to joining MedAssets, he worked for CMGI, Inc., the Parthenon Group, and Deloitte Consulting.

His total compensation for 2010 was $579,877.

Atlanta-based MedAssets offers healthcare providers fiscal management programs to control costs. The company says it serves more than 180 health systems, 4,000 hospitals and 75,000 non-acute healthcare providers. The company is led by its founder, Chairman, CEO and President John A. Bardis.

Late last month, citybizlist reported the MedAssets planned to repurchase of up to $25 million of its common stock and made a $25 million voluntary loan prepayment.

MedAssets shares closed Wednesday at $10.76, up 67 cents but not even halfway to the 52-week high of $22.50.

SEC filing: http://tinyurl.com/3v3nqmv

Also at citybizlist, see:

MedAssets Announces Share Repurchase Plan

MedAssets, Inc.

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