-
If you purchased shares of IPC Healthcare Inc (NASDAQ:IPCM) and currently hold any of those NASDAQ:IPCM shares, you have certain options and you should contact the Shareholders Foundation, Inc.
-
To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
August 10, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of IPC Healthcare Inc (NASDAQ:IPCM), was initiated concerning whether the takeover of IPC Healthcare Inc. by Team Health Holdings, Inc for $80.25 per share is unfair to NASDAQ:IPCM stockholders.
The investigation by a law firm concerns whether certain officers and directors of IPC Healthcare Inc breached their fiduciary duties owed to NASDAQ:IPCM investors in connection with the proposed acquisition.
On August 4, 2015, Team Health Holdings, Inc. announced an agreement to acquire North Hollywood, CA based IPC Healthcare Inc (NASDAQ:IPCM) in an all-cash transaction with an enterprise value of approximately $1.6 billion or $80.25 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:IPCM stockholders. More specifically, the investigation concerns whether the IPC Healthcare Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
IPC Healthcare Inc reported that its annual Total Revenue rose from $457.47 million in 2011 to $693.99 million in 2014 and that its respective Net Income increased from $29.27 million to $39.02 million.
