An investigation for investors, who currently hold shares of Surgical Care Affiliates Inc, was announced concerning the acquisition of Surgical Care Affiliates Inc. by Optum.
On January 9, 2017, Optum, part of UnitedHealth Group (NYSE:UNH), and Surgical Care Affiliates Inc (NASDAQ:SCAI) announced that they are combining.
Investors who purchased shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) and currently hold any of those NASDAQ:SCAI shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Surgical Care Affiliates Inc breached their fiduciary duties owed to NASDAQ:SCAI investors in connection with the proposed acquisition.
The agreement calls for the acquisition of Surgical Care Affiliates Inc’s outstanding common stock for $57.00 per NASDAQ:SCAI share.
However, the investigation concerns whether the offer is unfair to NASDAQ:SCAI stockholders. More specifically, the investigation concerns whether the Surgical Care Affiliates 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.
Surgical Care Affiliates Inc reported that its annual Total Revenue rose from $864.74 million in 2014 to over $1.05 billion in 2015 and that its Net Income increased from $31.98 million in 2014 to $115.32 million in 2015.
Shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) closed on January 20, 2017 at $56.54 per share.
Those who are current investors in NASDAQ:SCAI shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego