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If you are representing a media outlet and have immediate questions, please contact:
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Press Releases
inVentiv Health, Inc. Announces Special Meeting of Stockholders to Be Held July 21
SOMERSET, N.J. - June 18, 2010 - inVentiv Health, Inc. (NASDAQ: VTIV) today announced that it has established a date for a special meeting of stockholders to consider and vote upon a proposal to adopt the previously announced merger agreement, dated May 6, 2010, providing for the acquisition of inVentiv Health, Inc. by Papillon Holdings, Inc., an entity created by certain affiliates of Thomas H. Lee Partners, L.P.
inVentiv stockholders of record as of the close of business on June 15, 2010 will be entitled to notice of the special meeting and to vote at the special meeting. The special meeting will be held on Wednesday, July 21, 2010 at 9 a.m. EDT at 1180 Avenue of the Americas, 10th Floor (Times Square Conference Room), New York, NY.
Shareholders also can attend the meeting via conference call. To listen, please dial 800-358-8448 (Domestic) or 706-634-1367 (International). The conference identification number is 83407790. In addition, the meeting will be webcast live on the Internet at http://www.inVentivHealth.com/health/newsroom/webcasts.asp. To participate, please go to the site at least 15 minutes in advance of the call to register, download and install any necessary audio software.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause inVentiv Health's performance to differ materially. Such risks include, without limitation: our ability to sufficiently increase our revenues and maintain or decrease expenses and cash capital expenditures to permit us to fund our operations; our ability to continue to comply with the covenants and terms of our credit facility and to access sufficient capital to fund our operations; our ability to grow our existing client relationships, obtain new clients and cross-sell our services; our ability to successfully operate new lines of business; our ability to manage our infrastructure and resources to support our growth; our ability to successfully identify new businesses to acquire, conclude acquisition negotiations and integrate the acquired businesses into our operations; any disruptions, impairments, or malfunctions affecting software as well as excessive costs or delays that may adversely impact our continued investment in and development of software; the potential impact of government regulation on us and on our clients base; our ability to comply with all applicable laws as well as our ability to successfully implement from a timing and cost perspective any changes in applicable laws; our ability to recruit, motivate and retain qualified personnel, including sales representatives; the actual impact of the adoption of certain accounting standards; our ability to maintain technological advantages in a variety of functional areas, including sales force automation, electronic claims surveillance and patient compliance; changes in trends in the healthcare and pharmaceutical industries or in pharmaceutical outsourcing; and our inability to determine the actual time at which the liquidation of the Columbia Strategic Cash Portfolio will be completed or the total losses that we will actually realize from that investment vehicle. . Readers of this press release are referred to documents filed from time to time by inVentiv Health Inc. with the Securities and Exchange Commission for further discussion of these and other factors.
