Norristown, PA, USA, July 21, 2011: Lite Tech, Inc, based in Norristown, PA, announces that they have signed a new agreement with MedAssets, Inc. With this agreement, Lite Tech becomes a preferred nationwide supplier of radiation protective garments for all MedAssets Members, including 180 health systems, 4,000 hospitals and 90,000 non-acute healthcare providers.
About MedAssets, Inc.
MedAssets, Inc. provides technology-enabled products and services. These solutions are designed to improve operating margin and cash flow for hospitals and health systems. The Company’s technology-enabled solutions are delivered primarily through company-hosted software, or software as a service (SaaS), supported by enterprise-wide sales, account management, implementation services and consulting. The Company operates through two segments: Revenue Cycle Management (RCM) and Spend Management (SM). In November 2010, the Company acquired The Broadlane Group.
About Lite Tech, Inc.
Lite Tech, Inc. was established in 1992 acquiring the patented Xenolite lightweight x-ray protection business and technology from DuPont (Canada). Since then, the Company has expanded rapidly and globally. Xenolite and Xenolite Lead Free are now the most recognized and tested lightweight x-ray protection products in the world. Nearly 200,000 aprons are sold in over 24 countries. Headquartered near Philadelphia, Lite Tech is one of few fully integrated x-ray apron manufacturers. Lite Tech produces its own proprietary core/sheet materials in their Norristown, Pennsylvania plant.
