SAN DIEGO, Jan. 9, 2017 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Surgical Care Affiliates, Inc.
(NASDAQ: SCAI) breached their fiduciary duties in connection with
the proposed sale of the Company to UnitedHealth Group. Surgical
Care owns and operates a network of multi-specialty ambulatory
surgery centers and surgical hospitals primarily in the United States.
On January 9, 2017, Surgical Care
announced it had signed a definitive merger agreement with
UnitedHealth. Under terms of the agreement, UnitedHealth will buy
Surgical Care's outstanding common stock for $57 a share. The deal will be funded between 51
percent to 80 percent with UnitedHealth stock, and the remainder in
cash.
The investigation concerns whether the Surgical Care board
failed to satisfy their duties to the Company shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Surgical Care shares of common stock. Nationally recognized
Johnson & Weaver is investigating whether the proposed deal
price represents adequate consideration.
If you are a shareholder of Surgical Care and believe the
proposed buyout price is too low and you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP