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Fly News Breaks for August 5, 2015
MDAS
Aug 5, 2015 | 06:27 EDT
Topeka downgraded MedAssets to Hold from Buy and reduced its price target to $23 from $24 following the disclosure it will lose the Supply Chain Solutions agreement with Tenet (THC). The contract will end in 2016 and accounts for approximately $40M in revenue and $18M-$22M in operating income that will not renew.
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