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Murray Frank LLP Announces Investigation of Kinetic Concepts, Inc.

^{Published on 2011-07-13 12:45:43 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--MURRAY FRANK LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of Kinetic Concepts, Inc. (NYSE: KCI) ("Kinetic" or "the Company") in relation to the acquisition of the Company by a consortium including Apax Partners, the Canada Pension Plan Investment Board, and the Public Sector Pension Investment Board (the aConsortiuma).

On July 13, 2011, Kinetic and the Consortium announced that the Consortium would acquire Kinetic pursuant to a transaction under which Kinetic stockholders will receive $68.50 for each share of Kinetic common stock, for a total deal worth approximately $4.98 billion. The amount represents a premium of only 6.2% over the closing price of the stock prior to the announcement.

The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell Kinetic to the Consortium for an inadequate price through an unfair process, which significantly undervalues the Company.

If you are a current investor in Kinetic, who purchased KCI shares before July 13, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Gregory Frank at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].