MedAssets reports Q3 net income, provides outlook for 2012

MedAssets, Inc., a company which partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions, has reported that net income for the third quarter ended September 30, 2012 was $5.46 million, or $0.09 per share, compared to net loss of $983,000, or $0.02 loss per share, for the same quarter ended September 30, 2011. The company expects GAAP earning per diluted share to be in the range of 0.14 to 0.21 for 2102.

Total net revenue for the third quarter ended September 30, 2012 was $163.44 million, compared to $143.56 million for the same quarter ended September 30, 2011.

Net income for the nine months ended September 30, 2012 was $7.48 million, or $0.13 per share, compared to net loss of $19.64 million, or $0.34 loss per share, for the same period ended September 30, 2011.

Total net revenue for the nine months ended September 30, 2012 was $476.34 million, compared to $421.49 million for the same period ended September 30, 2011.