The TriZetto Group, Inc. (NASDAQ: TZIX) announced that at its special
meeting of stockholders this morning, stockholders representing 34.2
million shares, or 99.8% of shares voted and 79.2% of shares
outstanding, voted FOR the proposal to approve and adopt the agreement
and plan of merger previously agreed to among TZ Holdings, L.P., an
entity that is majority-owned by funds affiliated with Apax Partners,
L.P., TZ Merger Sub, Inc., a wholly-owned subsidiary of TZ Holdings and
TriZetto; 48 thousand shares, or 0.1% of shares outstanding, voted
AGAINST; and 8 thousand shares ABSTAINED from voting on the proposal. As
previously announced, as part of the proposed settlement with the
plaintiffs in the class action lawsuits, certain of TriZetto’s
executive officers voted their TriZetto stock in the aggregate in the
same proportion as the vote cast by the other stockholders.
“We are pleased to receive such high
stockholder approval for the Apax transaction,”
noted Jeff Margolis, TriZetto’s chairman and
CEO, who presided over today’s meeting. “With
this shareholder approval, we can focus on completing the financing and
moving towards a targeted closing of this transaction as expeditiously
as possible.”
About TriZetto
TriZetto is Powering Integrated Healthcare Management™.
With its technology touching nearly half of the U.S. insured population,
TriZetto is uniquely positioned to drive the convergence of health
benefit administration, care management and constituent engagement. The
company provides premier information technology solutions that enable
payers and other constituents in the healthcare supply chain to improve
the coordination of benefits and care for healthcare consumers.
Healthcare payers include national and regional health insurance plans
and benefits administrators that provide transaction services to
self-insured employer groups. The company’s
payer-focused information technology offerings include enterprise and
component software, hosting and business process outsourcing services
and consulting. Headquartered in Newport Beach, Calif., TriZetto can be
reached at 949-719-2200 or at www.trizetto.com.
Important Notice Regarding
Forward-Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. The forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
