Navigation Links
Intelident Solutions Proposes to Acquire Zila for $0.42 per share in Cash
Date:7/7/2009

TAMPA, Fla., July 7 /PRNewswire/ -- Intelident Solutions, Inc. ("Intelident") today announced that it has submitted a proposal to the Board of Directors of Zila, Inc. (Nasdaq: ZILA) to acquire all of the common stock of Zila for $0.42 per share, and the preferred stock for $0.48 per share, or a total of approximately $4.4 million.

The proposal represents a premium for common stockholders of more than $418,000, or 10.5%, over the agreement with TOLMAR Holding, Inc. ("Tolmar"), and a premium of 31.3% over Zila's closing common stock price on June 24, 2009. The proposal would also include the purchase of the preferred shares of Zila at a premium of 9.1% over Tolmar's proposal.

"The proposed transaction will create a major dental company in the United States, combining Intelident's leadership in dental practice management with Zila's strength and experience in the prevention, detection, and treatment of oral cancer and periodontal disease," said Intelident CEO Thomas Marler. "This partnership will allow us to introduce a number of new and innovative products while accelerating the growth of the combined enterprise."

Marler continued, "The proposed transaction allows Zila's employees to join a company that is dedicated to advancements in oral care and disease prevention and has a well established reputation in the industry. As one of Zila's largest customers with a unique position as one of the largest dental practice management companies in the United States, we believe we can bring substantial strategic and tactical insight to expanding the sales of Zila's core product lines."

Intelident anticipates the transaction will close in September if its proposal is accepted.

About Intelident Solutions, Inc.

Intelident Solutions is a privately-held company dedicated to advancing the practice of dentistry through innovation and technology. It is the parent company of several dentistry-related enterprises. The company is headquartered in Tampa, Florida.

Important Information

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This press release relates to a business combination transaction with Zila proposed by Intelident, which may become the subject of a registration statement filed with the Securities and Exchange Commission (the "SEC"). This material is not a substitute for the prospectus/proxy statement Intelident would file with the SEC regarding the proposed transaction if such a negotiated transaction with Zila is reached or for any other document which Intelident may file with the SEC and send to Zila stockholders in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF ZILA ARE URGED TO READ ANY SUCH DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Such documents would be available free of charge through the website maintained by the SEC at www.sec.gov, by calling the SEC at telephone number 800-SEC-0330.

All information in this press release concerning Zila, including its business, operations and financial results, was obtained from public sources. While Intelident has no knowledge that any such information is inaccurate or incomplete, Intelident has not had the opportunity to verify any of that information.


'/>"/>
SOURCE Intelident Solutions, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Riverside Partners Completes Growth Equity Investment in Vocollect, the Leader in Voice Solutions for Supply-Chain and Healthcare Workforce Management
2. Claimsnet Announces Claims Processing Agreement With New Health Care Solutions Company
3. ASAP Systems Announces the Launch of New Automated Alert and Notification Features for its Inventory, Assets and Evidence Solutions
4. SXC Health Solutions announces PBM contract with Presbyterian Health Plan
5. Dual Frost & Sullivan Accolade for Veolia Water Solutions & Technologies
6. Focused Health Solutions Selects Cardiocom Telehealth Technology to Support Early Intervention
7. Omega Medical Solutions Selects Allscripts Practice Management and Allscripts Payerpath Revenue Cycle Management
8. New Partnership Between FirstCare and HealthFitness Provides Cost-Effective Preventive Health Solutions for Small- to Mid-Size Companies
9. Finding solutions to the chronic nursing shortage
10. Delawares Partnership to Fight Chronic Disease Breakfast Highlights Promising Practices in Managing Chronic Disease Provides Solutions for Reduced Spending and Improved Patient Health
11. Focused Health Solutions Partners With Emmi Solutions to Help Employers Achieve Greater Returns on Their Employee Health Care Investments
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/18/2017)... ... August 18, 2017 , ... More than 20,000 pairs of ... Congo (DRC) thanks to an ambitious venture that conjoined the passions of an NBA ... support of the Liberty community. These shoes will save lives from the rampant infections ...
(Date:8/18/2017)... ... August 18, 2017 , ... Mediaplanet today announces the launch ... lifestyles and highlighting the importance of proactive eye and ear health. The campaign ... latest innovations in hearing aid technology. , In this issue, the National ...
(Date:8/18/2017)... , ... August 18, 2017 , ... ... handling handheld devices. Through an educational webinar, they will present the line of ... chance to learn how easy you can automate everyday pipetting tasks. , Ideal ...
(Date:8/18/2017)... ... 2017 , ... Radabaugh & Associates, a family managed agency ... West Virginia, is embarking on a cooperative charity effort with the Chestnut Mountain ... Chestnut Mountain Ranch (CMR) is a Christ-centered boarding school for young men offering ...
(Date:8/18/2017)... ... August 18, 2017 , ... The Brian Gifford Agency, an ... is campaigning in support of Campagna Academy in a charity drive to provide for ... Boys’ Town of Indiana,” Campagna Academy is a nonprofit organization that has offered critical ...
Breaking Medicine News(10 mins):
(Date:8/15/2017)... AccuGenomics, Inc., a diagnostic company based in ... the company has provided an AccuKit to the HIV ... Chapel Hill and to Qura Therapeutics for evaluation in ... HIV reservoir and viral expression in human CD4+ T ... Center is a joint initiative between the University of ...
(Date:8/8/2017)... Aug. 8, 2017  BioLineRx Ltd. (NASDAQ/TASE: BLRX), a ... reports its financial results for the second quarter ended ... the second quarter 2017 and to date: ... development programs for the Company,s lead project, BL-8040: ... study with BL-8040 as novel stem cell mobilization treatment ...
(Date:8/7/2017)... 2017  Diplomat Pharmacy, Inc. (NYSE: DPLO), the nation,s largest ... June 30, 2017.  All comparisons, unless otherwise noted, are to ... Second Quarter 2017 Highlights include: ... an increase of 3.5% Total prescriptions dispensed ... of 7.5% versus 7.6% Gross profit ...
Breaking Medicine Technology: