Surgical Care Affiliates Inc (NASDAQ:SCAI) Investor Investigation Over Possible Wrongdoing In Acquisition Announced

If you purchased shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) and currently hold any of those NASDAQ:SCAI shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Surgical Care Affiliates
Affected Securities: 
NASDAQ: SCAI

January 17, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Surgical Care Affiliates Inc (NASDAQ:SCAI), was announced concerning whether the takeover of Surgical Care Affiliates Inc. by Optum at $56.66 per share is unfair to NASDAQ:SCAI stockholders.

The investigation by a law firm concerns whether certain officers and directors of Surgical Care Affiliates Inc breached their fiduciary duties owed to NASDAQ:SCAI investors in connection with the proposed acquisition.

On January 9, 2017, Optum, part of UnitedHealth Group (NYSE:UNH), and Surgical Care Affiliates Inc (NASDAQ:SCAI) announced that they are combining. The agreement calls for the acquisition of Surgical Care Affiliates Inc's outstanding common stock for $57.00 per NASDAQ:SCAI share.

However, the investigation concerns whether the offer is unfair to NASDAQ:SCAI stockholders. More specifically, the investigation concerns whether the Surgical Care Affiliates Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Surgical Care Affiliates Inc reported that its annual Total Revenue rose from $864.74 million in 2014 to over $1.05 billion in 2015 and that its Net Income increased from $31.98 million in 2014 to $115.32 million in 2015.

Shares of Surgical Care Affiliates Inc (NASDAQ:SCAI) closed on January 17, 2017 at $56.66 per share.