| Hiring SRS to manage post-closing matters is one of the easiest decisions for venture capital investors to make. Our professional team of lawyers, accountants and administrators frees VCs to focus on their active portfolio while ensuring they are always in the loop on all post-closing decisions. | ||
| Mark Vogel Managing Director<br>Shareholder Representative Services | ||
SRS Appointed Securityholders' Representative in HealthMedia Acquisition
11.06.2008SAN FRANCISCO – November 6, 2008 – Shareholder Representative Services LLC (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 securityholders of HealthMedia, Inc., a company that specializes in online health counseling and web interventions, following its recent acquisition by Johnson & Johnson.
The principal selling securityholders of Ann Arbor, Michigan-based HealthMedia include Chrysalis Ventures, Avalon Technology Group, and Arboretum Ventures.
“Hiring SRS to manage post-closing matters is one of the easiest decisions for venture capital investors to make,” said Mark Vogel, managing director at SRS. “Our professional team of lawyers, accountants and administrators frees VCs to focus on their active portfolio while ensuring they are always in the loop on all post-closing decisions.”
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.
For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.
About Shareholder Representative Services
Headquartered in San Francisco and with offices in Silicon Valley and Denver, 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. More information on the company can be found at http://www.shareholderrep.com.
Contact:
Heather Scott
Shareholder Representative Services
Phone: 415-373-4023
Email: heather.scott@shareholderrep.com