IntegraMed agrees to be acquired by Sagard Capital Partners for $14.05 per share in cash (INMD) 11.34 : Co announced that it has entered into a definitive agreement to be acquired by affiliates formed by Sagard Capital Partners, 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 June 8, 2012, the last trading day prior to today's announcement, and a 46% premium to IntegraMed's average daily closing price over the past year. The transaction is not subject to financing and is expected to close no later than mid November 2012. The agreement is subject to shareholder approval as well as other regulatory and customary closing conditions. IntegraMed's largest shareholder owns 26.9% of the Company's outstanding shares and has agreed to vote in favor of the transaction. Sagard Capital owns an additional 3.7% of IntegraMed's outstanding shares.
