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The Shuman Law Firm Investigates Health Grades, Inc.

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^{Published in Science and Technology on Wednesday, August 4th 2010 at 1:40 GMT by Market Wire}  

BOULDER, Colo.--([ BUSINESS WIRE ])--The Shuman Law Firm today announced that it is investigating potential claims against the board of directors of Health Grades, Inc. (aHealth Gradesa or the aCompanya) (NASDAQ: HGRD) related to the Companya™s agreement to be acquired by private equity firm Vestar Capital Partners V, L.P. (aVestara). The proposed all-cash transaction is valued at approximately $294 million.

Under the terms of the agreement entered into by the parties, a subsidiary of Vestar will commence a tender offer no later than August 10, 2010, to acquire all of the outstanding shares of Health Grades for $8.20 per share in cash. Certain executive officers of Health Grades who beneficially own approximately 21% of Health Gradesa™ fully diluted shares have entered into agreements to support the transaction and to tender or otherwise sell shares to Vestara™s affiliate. Upon completion of the tender offer, the Vestar subsidiary will acquire all of the remaining publicly held shares of Health Grades at $8.20 per share through a second-step merger. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Health Gradesa™ board of directors.

If you currently own shares of Health Grades and are interested in discussing your rights as a Health Grades shareholder, or have information relating to this investigation, please contact Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Glenn at [ rusty@shumanlawfirm.com ].

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.