Faruqi & Faruqi Case: IPC Healthcare Inc. (IPCM) Over the Propsed Sale of the company to Team Health Holdings, Inc.
Faruqi & Faruqi, LLP Announces the Investigation of IPC Healthcare Inc. (IPCM) Over the Proposed Sale of the Company to Team Health Holdings Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of IPC Healthcare Inc. (“IPC” or the “Company”) (NASDAQGS:IPCM) for potential breaches of fiduciary duties in connection with the sale of the Company to Team Health Holdings Inc. for approximately $1.6 billion including debt in an all-cash transaction.
The Company’s stockholders will only receive $80.62 for each share of Company common stock they own. However, the offer represents a negligible premium compared to the opening price of $79.60 on August 7, 2015.