MedAssets Files for $230M Initial Public Offering

ALPHARETTA, Ga. — MedAssets, a provider of cash management software for healthcare providers, is trying to go public.

The company, which is based in Alpharetta, is seeking up to $230 million, according to a filing with the Securities and Exchange Commission. If the IPO is successful, MedAssets would trade on the Nasdaq under the symbol MDAS.

Investors in MedAssets include Galen Partners, Parthenon Capital and Grotech Capital Group.

Morgan Stanley and Lehman Brothers are the lead underwriters for the offering.

MedAssets offers hosted software offerings that attempt to improve operating margins and cash flow.