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Former Broadlane CEO Exits MedAssets

May 27 2011

MedAssets Inc. (NASD: MDAS) announced Patrick Ryan stepped down as president of its spend and clinical resource management division, which provides services and solutions to the healthcare industry including a vendor management system. Ryan also stepped down from the company’s board of directors.

Ryan joined MedAssets in November 2010 with its acquisition of The Broadlane Group, where he had served as chairman and CEO since 2008.

In Ryan’s place, MedAssets promoted Joseph Greskoviak to president, spend and clinical resource management segment. Greskoviak previously served as executive vice president of client strategy at MedAssets; he previously served as vice president and chief development officer for Broadlane prior to its acquisition.

“It has been almost nine months since we announced that MedAssets and Broadlane would come together to form the industry’s leading end-to-end financial improvement company,” said John Bardis, chairman, president and CEO of MedAssets. “I am grateful Pat agreed to stay on board to support the integration and to ensure a smooth transition. Together, we assembled a top-class team of senior operating executives, and set the course for future growth.”

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