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Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Health Grades, Inc.

^{Published on 2010-07-29 14:05:49 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Health Grades, Inc. (NASDAQ: [ HGRD ]) (referred to as "Health Grades" or the aCompanya) by Vestar Capital Partners V, L.P. (referred to as "Vestar") in a cash transaction valued at approximately $294 million.

Under the terms of an agreement unanimously approved by the Board of Directors of Health Grades, an affiliate of Vestar will commence an all-cash tender offer no later than August 10, 2010. Following completion of the tender offer, the affiliate of Vestar will acquire all of the remaining publicly-held shares of Health Grades at $8.20 per share through a second-step merger.

Bull & Lifshitz, LLP's investigation is focused on whether the Board of Directors breached their fiduciary duties to Health Grades stockholders and whether the proposed deal provides adequate value to the Companya™s shareholders.

If you are a holder of Health Grades stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Health Grades and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [ counsel@nyclasslaw.com ]. All e-mail correspondence should make reference to Health Grades.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41^st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.