MedAssets chairman and CEO succeeded
Wise succeeds John A. Bardis, who is retiring for personal reasons due to family health issues. Bardis will remain on the MedAssets board of directors until the next annual stockholders' meeting. Bardis has entered into a multi-year consulting agreement with the company in order to continue to help build MedAssets client relationships and raise visibility of the company's market position as a performance improvement provider to healthcare organizations.
Bardis founded MedAssets in June 1999 and led the company to tremendous growth, leading up to and following MedAssets successful initial public offering in 2007. Since the IPO, the company grew total net revenue from $188.5 million in 2007 to $720.2 million in 2014. Among his many philanthropic activities, Bardis is the founder and chairman of Hire Heroes USA, the nation's largest veteran transition and employment assistance organization.
"I am grateful to have spent the last 15 years with this great company, and am honoured to have had the opportunity to lead a team of outstanding individuals. I am proud of what we have accomplished together at MedAssets, and look forward to actively supporting the company's business endeavours during this time of rapid change in the healthcare marketplace," Bardis said. "The board and I are convinced that Halsey is the right leader to take our company into the future, and I am confident MedAssets will prosper under Halsey's leadership. His breadth of technology, software, services and financial expertise, and his demonstrated leadership experience and personal style will enable Halsey to lead MedAssets to even greater success."