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Integrated Healthcare Holdings, Inc. securities



Company: Integrated Healthcare Holdings, Inc.
Ticker Symbol: NASD: IHHI
Class Period: March 1, 2005 to May 17, 2005
Date Filed: Sep-27-05
Lead Plaintiff Deadline: Nov-28-05
Court: District, CA
Allegations:
A securities class action is being investigated regarding recent securities transactions and related public securities filings involving Orange County-based hospital holding company, Integrated Healthcare Holdings, Inc. (IHHI) (OTCBB: IHCH.OB), and its largest stockholder, Orange County Physicians Investment Network, LLC (OCPIN).

IHHI owns approximately 12% of hospital beds in Orange County.

In March 2005, Integrated Healthcare Holdings, Inc. acquired from Tenet Healthcare Corp. four hospital facilities representing approximately 12% of the hospital beds in Orange County, California.

In a public SEC filing in February, 2005, IHHI disclosed an agreement to receive an investment of approximately $30 million from OCPIN. Pursuant to a stock purchase agreement with OCPIN, OCPIN was to deliver $10 million by early February, 2005. The remaining $20 million investment was scheduled to be paid shortly before the closing of the hospital purchase transactions with Tenet.

IHHI did not receive the $20 million portion of the cash investment on the date that it was initially due.

IHHI made a filing with the SEC in mid-March, 2005, disclosing the closing of the Tenet transaction. As of that time, IHHI still had not received the $20 million portion of the OCPIN investment.

On approximately May 16, 2005, IHHI disclosed that OCPIN, to that date, had funded only $10 million of its $30 million obligation.

Investors who bought or sold the common stock or other securities of Integrated Healthcare Holdings, Inc. (OTCBB: IHCH.OB) between March 1, 2005 and May 17, 2005, and others who have information concerning publicly-traded IHHI or its dealings, may be part of the class.



Register your Integrated Healthcare Holdings, Inc. Securities Complaint

If you bought or sold the common stock or other securities of Integrated Healthcare Holdings, Inc. (OTCBB: IHCH.OB) between March 1, 2005 and May 17, 2005, you may qualify for damages or remedies that may be awarded in a possible class action lawsuit. Please fill in our form on the right to submit your complaint and we will have a lawyer review your complaint.

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Last updated September 21 2009

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