MedAssets, a provider of financial services for the healthcare industry, has acquired XactiMed, a Texas based provider of Web-enabled revenue cycle technologies.

Financial terms of the deal were not disclosed.

XactiMed was ranled as the top claims management firm in 2006 by KLAS, which ranks vendors in the healthcare industry.

"The integration of XactiMed’s products and services with MedAssets’ revenue cycle solutions will expand our ability to improve our customers’ financial performance," said John Bardis, chief executive officer of MedAssets, Inc.