NEW YORK, July 14, 2008 (PRIME NEWSWIRE) -- Levi & Korsinsky announces an investigation on the proposed acquisition of MEDecision, Inc. ("MEDE" or the "Company") (Nasdaq:MEDE).
On June 17, 2008, MEDE announced that it has entered into a definitive merger agreement with Health Care Service Corporation. Under the terms of the proposal, MEDE's shareholders would receive $7.00 per share in cash, or approximately $121 million. Subject to customary conditions and regulatory approvals the acquisition will be completed in the fourth quarter of 2008. Upon closing, MEDE will no longer be publicly traded. If you own common stock in MEDE and wish to obtain additional information please contact us at the number listed below.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About MEDecision, Inc.
MEDecision, Inc. together with its subsidiaries, provides collaborative health care management solutions, including integrated software, services, and clinical content to health care payers in the United States.