Matria Healthcare, Inc. (NASDAQ:MATR) announced today that it received shareholder approval in connection with its proposed merger with Inverness Medical Innovations, Inc. Shareholders met today to consider and vote on the proposal at a special meeting of Matria’s shareholders held in Marietta, Georgia. The parties expect to close the transaction promptly upon satisfaction of the remaining customary closing conditions, at which time Matria will become a wholly owned subsidiary of Inverness.
ABOUT MATRIA HEALTHCARE
Matria Healthcare is a leading provider of integrated comprehensive health enhancement programs to health plans, employers and government agencies. Matria is dedicated to developing better educated, motivated and self-enabled healthcare consumers and supporting clinicians in managing the care of their patients. The Company manages major chronic diseases and episodic conditions including diabetes, congestive heart failure, coronary artery disease, asthma, chronic obstructive pulmonary disease, high-risk obstetrics, cancer, musculoskeletal and chronic pain, depression, obesity, and other conditions. Matria delivers programs that address wellness, healthy living, productivity improvement and navigation of the healthcare system, and provides case management of acute and catastrophic conditions. Headquartered in Marietta, Georgia, Matria operates through nearly 50 offices around the United States. More information about Matria can be found online at www.matria.com.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements. Such statements include statements relating to the anticipated closing of the merger. These statements are based on current information and belief, and are not guarantees of future performance or results. Among the important factors that could cause results to differ materially from those indicated by such forward-looking statements include the Company's inability to complete the transaction and the risk factors detailed from time to time in Matria's periodic reports and registration statements filed with the Securities and Exchange Commission, including Matria's Annual Report on Form 10-K for the year ended December 31, 2007. By making these forward-looking statements, Matria does not undertake to update them in any manner except as may be required by Matria's disclosure obligations in filings it makes with the Securities and Exchange Commission under the federal securities laws.
Matria Healthcare, Inc.
Jeff Hinton, 770-767-4500
Sr. Vice President & Chief Financial Officer
