Health & Fitness
Health and Fitness
Health and Fitness 
Wed, August 18, 2010
Tue, August 17, 2010
Law Office of Brodsky & Smith, LLC Announces Investigation of Prospect Medical Holdings, Inc.
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Prospect Medical Holdings, Inc. (aProspecta or the aCompanya) (Nasdaq: PZZ) relating to the proposed acquisition by an entity sponsored by Leonard Green & Partners, L.P.
Under the terms of the offer, Prospect shareholders would receive cash of $8.50 for each share of Prospect stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Prospect stock was trading at $7.53 a share as recently as June 14, 2010, and according to Yahoo! Finance an analyst placed a $16.20 target price on the Company. In addition, some officers and directors of the Company have agreed to exchange 6.2 million of their shares for an equity interests in the sponsored purchasing entity.
If you own shares of Prospect and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.