	Finding a shareholder willing to take on the burdens and risks that go with acting as shareholder representative is a challenging task. Even when a reluctant volunteer takes the role, too often that shareholder representative is focused on their primary business of running their portfolios or other business, leaving little time for managing the important fiduciary tasks for which they are liable.
Paul Koenig Managing Director, SRS

Resolution Health Appoints SRS as Stockholder Representative in Wellpoint Acquisition

06.23.2008

Denver, CO –June 23, 2008 – Shareholder Representative Services (SRS), the first and only company specializing in post-closing shareholder representation in private M&A transactions, today announced that it has been appointed as the representative of the former stockholders of Resolution Health Inc. The stockholders chose SRS following the health care data analytics company’s recent acquisition by Anthem Southeast, Inc., a subsidiary of leading U.S. health benefits company Wellpoint, Inc.

The selling stockholders of Columbia, Md.-based Resolution Health, which uses sophisticated proprietary technology to monitor the care of individuals’ health, include Trident Capital.

“Finding a shareholder willing to take on the burdens and risks that go with acting as shareholder representative is a challenging task,” stated Paul Koenig, Managing Director, SRS . “Even when a reluctant volunteer takes the role, too often that shareholder representative is focused on their primary business of running their portfolios or other business, leaving little time for managing the important fiduciary tasks for which they are liable.”

Increasingly, selling investors are looking to move away from a do-it-yourself-approach and turning to professionals to handle the shareholder representative functions, much as they outsource all the other aspects of M&A transaction duties. SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions. As shareholder representative, the firm manages post-closing matters including handling claims by buyers for damages related to breaches of representations or warranties, communicating with escrow agents and other parties to the transaction, and resolving other matters that may arise following closing.

“When we take on the role of shareholder representative, the attorneys involved in the deal know that they can rely on our expertise as attorneys, accountants and bankers, as well as or experience managing the post-closing process in a number of high-profile mergers and acquisitions,” stated Mark Vogel, Managing Director, SRS. “We make it possible for all shareholders to be confident that their interests are being represented and at a fee that generally has no material impact on any one shareholder’s payout from the deal.”

For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.

About Shareholder Representative Services
Headquartered in Denver and with offices in Silicon Valley and San Francisco, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies – identifying the next deal and managing the rest of their portfolio – rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders.

Contact:
Lori Teranishi
VPG LLP
Phone: 415-981-1964
Email: lteranishi@vpgllp.com