Broadlane announces majority investment by TowerBrook Capital Partners by ProQuest

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Broadlane's chairman and chief executive officer Charles E. Saunders, M.D., who has been with the company since 2003, has announced that he will step down from his current position upon the closing of the transaction. David C. Ricker, Broadlane's founder, president and chief operating officer, will succeed Dr. Saunders as Broadlane's chief executive officer.

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