Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Conmed Healthcare Management, Inc. ("Conmed") (NYSE MKT: CONM) to Correct Care Solutions, LLC for shareholders. Under the proposed transaction, Conmed shareholders will only receive $3.95 in cash for each share of Conmed stock owned, well below at least one analyst's estimated value of $5.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

Under the terms of the definitive merger agreement, Correct Care will acquire Conmed in a transaction valued at approximately $59 million. The deal is expected to close in the third quarter of 2012.

The investigation centers on whether Conmed shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Conmed stock, and whether Conmed's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to at least one analyst with Yahoo! Finance, the true inherent value of Conmed may be as high as $5.00, over a dollar more than the proposed transaction. "Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue Conmed stock. Our lawsuit will seek to obtain the highest share price for all shareholders," said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com