MedAssets helps hospitals widen their profit margins -- or at least not lose quite as much. The firm's Spend and Clinical Resource Management (SCM) segment is its largest, with more than 60% of sales. It operates a group purchasing organization (GPO) that negotiates lower prices on medical supplies and devices for hospitals and health systems. The firm's Revenue Cycle Management (RCM) segment provides software and consulting services that help track and analyze a hospital's revenue stream. MedAssets' customers include more than 4,500 hospitals and about 123,000 non-acute health care providers mainly in the US, but also in Canada. Pamplona Capital Management bought MedAssets for $2.75 billion in early 2016.