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SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Performant Healthcare, Inc. (Nasdaq - PHLT)

1. Brodsky & Smith investigates claims against PHLT's Board of Directors. 2. Potential breaches of fiduciary duty during the sale process to Machinify noted. 3. Machinify plans to acquire PHLT at $7.75 per share in cash.

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FAQ

Why Bearish?

The investigation could indicate governance issues, potentially leading to shareholder dissatisfaction. Past cases show stock price declines during similar investigations.

How important is it?

Legal scrutiny can impact investor confidence and influence stock performance. The current acquisition deal adds urgency to the investigation.

Why Short Term?

Legal investigations typically affect stock price immediately, as uncertainty impacts investor sentiment.

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MACHAMEDHUM
BALA CYNWYD, Pa., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Performant Healthcare, Inc. (“Performant Healthcare” or the “Company”) (Nasdaq - PHLT) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Machinify. Under the terms of the transaction, Machinify will acquire all outstanding shares of Performant Healthcare for $7.75 per share in cash. The investigation concerns whether the Performant Healthcare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company’s shareholders. If you own shares of Performant Healthcare stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, visit https://www.brodskysmith.com/cases/performant-healthcare-inc-nasdaq-phlt/, or call toll free 855-576-4847. Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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