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:9/20/2017)... ... September 20, 2017 , ... FirstAlign ... (CoE) with the latest Artificial Intelligence (AI) thinking, announced today the launch of ... easy access to essential information that offers a more comprehensive understanding of the ...
(Date:9/20/2017)... ... September 20, 2017 , ... ... specializing in medical device compliance and commercialization, has just released a new ... , FDA is more adamant than ever about medical device, pharmaceutical, and ...
(Date:9/20/2017)... ... September 20, 2017 , ... Compliancy Group ... compliance software, The Guard®, has helped another long-time client pass their Department of ... properly satisfy the law. , Thanks to the help of the Compliancy Group's ...
(Date:9/20/2017)... VA (PRWEB) , ... September 20, 2017 , ... The ... (IPPS) 2018 Final Rule that it will transition to using only Worksheet S-10 to ... Join the first of three live 60-minute complimentary webinars on October 17, ...
(Date:9/20/2017)... , ... September 20, 2017 , ... ... overcoming addiction. “RECYCLED Ezekiel's Plan for Freedom from ADDICTION” is the creation ... background in the field of addiction and homeless services, including more than a ...
Breaking Medicine News(10 mins):
(Date:9/7/2017)... RANCHO MIRAGE, Calif. , Sept. 7, 2017  For nearly two ... and service in the Assisted Reproduction Insurance industry. Today, New Life Agency ... expensive fertility medications. ... http://pharmacarecard.com/ (PRNewsfoto/PharmaCareCard) ... ...
(Date:9/7/2017)... 7, 2017   BioLife Solutions , Inc. (NASDAQ: ... proprietary clinical grade cell and tissue hypothermic storage ... Mike Rice , President and CEO, will be presenting at ... Rodman & Renshaw 19 th Annual Global Investment Conference ... p.m. Pacific time). The conference is being held at the ...
(Date:9/6/2017)... NeuroRx, a clinical stage biopharma company developing the first oral ... granted Fast Track status by the US Food and Drug ... by NRX-101 (D-cycloserine + lurasidone). The company will shortly begin ... targeting patients who are admitted to Emergency Departments with ASIB ... ...
Breaking Medicine Technology: