New York, August 05, 2015 -- MedAssets, Inc. ("MedAssets") said that on August 4th it received written confirmation that its supply chain solutions ("SCS") agreement with Tenet Healthcare ("Tenet") will not be renewed upon expiration on January 31, 2016. Additionally, activist shareholder, Starboard Value LP and its affiliates ("Starboard"), disclosed an 8.7% ownership stake in MedAssets, making it one of the company's largest shareholders. While we view these announcements as credit negative, there is currently no impact to MedAssets' B1 Corporate Family Rating, or stable rating outlook. For further information, please see www.moodys.com.
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