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Merge Healthcare To Acquire AMICAS

March 5, 2010 News 4 Comments

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AMICAS has agreed to terminate its previously announced agreement with Thoma Bravo and instead has entered into a merger agreement with Merge Healthcare, the company announced this morning. Merge will acquire all outstanding shares of AMICAS in an all-cash deal valued at $6.05 per share, a 35% premium to Thoma Bravo’s offer and a 39% premium to the average monthly share price.

"We are very pleased with this significant positive step toward successfully combining these two great companies," said Justin Dearborn, Merge CEO.  "Merge and AMICAS have strong histories of innovation in medical imaging software, experienced employees and engaged customers.  As a combined company, our suite of health IT solutions will encompass a broad range of medical and biopharmaceutical imaging solutions to meet the needs of today’s medical imaging providers.  In addition, Merge’s OEM and CAD technologies, international and eCommerce distribution channels, and additional market segments such as clinical trials provide new opportunities for AMICAS products and customers. On behalf of everyone at Merge, I look forward to welcoming and working closely with the AMICAS team."

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Currently there are "4 comments" on this Article:

  1. Merrick Ventures is the investing arm of Michael Ferro. Ferro sold his Click Commerce business to Illinois Toolworks (what tools!) for $300 million in 2006. Merrick/Ferro has put maybe $30 million into Merge so far. That means Ferro still has lots of cash. He may put some of it into the AMCS/MRGE/EMAG combo if he decides it will be a good investment. He certainly won’t allow debt to destroy the newly formed company, especially considering he owns more than 50% of it. Some people are writing as if Mr. Ferro is an idiot. He’s actually something of a financial genius, and the people who work for him, such as the aforementioned Mr. Dearborn, are the real deal.

  2. I disagree. They are a company that churns and burns. It buys companies, cuts them to the core (layoffs), does no marketing, and expects results. if i was a customer, I would run away fast and hard. The management knows very little about healthcare, and are too arrogant to learn. They have no interest in building anything, they just want to flip the company.

  3. Two losers do not make a winner . . . .

    More nothing . . . . .

    combine that with the Ecliipsys announcements regarding their open platform . . . .

    AND you have enough toilet paper for a day

  4. Re: Pat Avatar’s comment:

    “Enough of Tullman, Bush, the government appointees who are elevated only by title and NOT BY PROGRESS, Halamka, and the usual short list. Why not have someone meet the challenge of recognizing the worker-bees – the ones really getting the job done – while the same people are the headliners”

    Pat, I couldn’t agree with you more! KUDOS to all the worker-bees, the people who really get the job done, the people who meet the daily challenges for providing Patient Safety.

    March 7 – 13 is Patient Safety Awareness Week (PSAW), a national education and awareness-building campaign for improving patient safety at the local level.
    http://www.npsf.org/hp/psaw/

    A CHALLENGE TO ALL EHR VENDORS: Cerner has agreed to voluntarily submit its products for FDA safety testing because “it is the right thing to do”. Will the remaining HIMSS EHRA members agree to voluntarily submit their products for FDA safety testing? Will HIMSS EHRA members agree to voluntarily remove the gag clauses contained in their vendor contracts?

    What will be your contribution for improving Patient Safety? Ask yourself this week, what would a patient ask you to do to improve Patient Safety?







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