INOVALON INVESTOR ALERT (INOV) - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Inovalon Holdings, Inc.

Sep 27, 2021

Andrews+%26amp%3B+Springer+LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Inovalon Holdings, Inc. (NASDAQGS: INOV) (“Inovalon” or the “Company”) relating to the sale of the Company to a consortium of investors composed of, among others, Nordic Capital and Inovalon’s CEO and founder Keith Dunleavy, M.D. (the “Investor Consortium”), who currently owns and controls over 63% of Inovalon’s outstanding stock. On August 19, 2021, the two parties announced that they reached an agreement in principle pursuant to which Mr. Dunleavy and the Investor Consortium will acquire Inovalon in a going private merger. As a result of the merger, Inovalon shareholders are only anticipated to receive $41.00 per share in cash in exchange for each share of Inovalon.

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