Monday, June 11, 2012

IntegraMed to go private for about $170 million, Shares Soar

IntegraMed to go private for about $170 million, Shares SoarPalm Beach, FL 6/11/12 (StreetBeat) -- Sagard Capital Partners agreed to buy healthcare services provider IntegraMed America Inc (Nasdaq:INMD) for $169.5 million.

The investment fund offered to pay $14.05 per IntegraMed share, a 24 percent premium to the stock's Friday close.

IntegraMed shares, which have gained about 44 percent in value so far this year, were up 20 percent to $13.59 before the bell on Monday. They closed at $11.34 on Friday on the Nasdaq.

Sagard Capital, which held a 3.7 percent stake in the company, said the deal was not subject to financing and is expected to close no later than November.

IntegraMed America Inc's largest shareholder, with a 27 percent stake in the company, has agreed to vote its shares in favor of the deal.

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