Pamplona Capital Management LLP completed its acquisition of MedAssets Inc. (NASD: MDAS) and MedAssets’ stock will stop trading at the close of business today. MedAssets operates a vendor management system for healthcare staffing buyers under the name MedAssets Workforce Solutions; however, the company has significant other operations than the VMS.

Pamplona will carve out a portion of MedAssets, including the VMS, and sell that portion to the VHA-UHC Alliance. VHA, a national healthcare network of nonprofit hospitals, and UHC, an alliance of academic medical centers, were combined into a single organization in April 2015. That transaction is expected to close in mid-February.

Pamplona acquired MedAssets for $31.35 per share in cash for an enterprise value of approximately $2.75 billion. The purchase price represented a 44.5% premium to the 30 trading day volume weighted average price of MedAssets common stock.

MedAssets announced the transaction in November and stockholders approved the deal on Jan 14.