Dougherty & Co Downgrades Integramed America (INMD) to Sell; Acquired By Sagard Capital Partners

June 11, 2012 10:34 AM EDT Send to a Friend
Get Alerts INMD Hot Sheet
Price: $14.06 --0%

Rating Summary:
    0 Buy, 1 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade INMD Now!
Join SI Premium – FREE
Dougherty & Co downgraded Integramed America (NASDAQ: INMD) from Buy to Sell with a price target of $14.05 (from $15.50).

Analyst, Brooks O'Neil, said, "IntegraMed America, Inc. announced today that it has entered into a definitive agreement to be acquired by affiliates formed by Sagard Capital Partners, L.P. (“Sagard Capital”), an investment fund and IntegraMed shareholder, for $14.05 per share in cash, or a total equity purchase price of $169.5 million. The consideration represents a 24% premium to IntegraMed’s closing stock price of $11.34 on Friday, June 8, 2012, the last trading day prior to today’s announcement...We expect this transaction to be completed and thus, we think the shares will trade at only a small discount to the ultimate acquisition price...We believe the company conducted a process to explore its strategic alternatives, and that Sagard offered the best option. Thus, we do not expect a higher bid,"

For an analyst ratings summary and ratings history on Integramed America click here. For more ratings news on Integramed America click here.

Shares of Integramed America closed at $11.34 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades, Mergers and Acquisitions

Related Entities

Sagard Capital Partners

Add Your Comment