Kirkland Reps Vestar in $294M Deal for HealthGrades

Law360, New York (July 28, 2010, 1:55 PM EDT) -- Private equity firm Vestar Capital Partners V LP has reached a deal to acquire Health Grades Inc. in an all-cash tender offer valued at about $294 million.

In the agreement announced Wednesday, Vestar will acquire all outstanding shares of HealthGrades for $8.20 per share, representing a premium of about 29 percent over the closing price of HealthGrades’ common stock on the last trading today before the deal was announced and a 32 percent premium over the company’s 30-day average closing stock price.

HealthGrades is an independent...
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