UPDATE: MedAssets (MDAS) Announces Cost-Reducation Program; Will Trim Headcount by ~5%

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Go back to UPDATE: MedAssets (MDAS) Announces Cost-Reducation Program; Will Trim Headcount by ~5%

Leerink Partners Reiterates Market Perform on MedAssets (MDAS) Following a Workforce Reduction Announcement

September 30, 2015 10:48 AM EDT

Leerink Partners reiterated a Market Perform rating on MedAssets (NASDAQ: MDAS) following the company's announcement that it is reducing its workforce by approximately 180 full-time employees by the end of 2015. The company expects annualized cost savings of ~$21M and MDAS should start to see this benefit in 4Q:15.

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