There's a typo in your Oracle headline where it says "debilitating wave of layoffs."
Merge Healthcare Acquires Fletcher-Flora Health Care Systems
One day after reporting strong revenue growth for the third quarter and the appointment of Jeffrey Surges as CEO, Merge Healthcare has acquired Fletcher-Flora Health Care Systems, HIStalk has learned. The Anaheim, CA-based Fletcher-Flora develops and distributes a laboratory information system.
Merge reported $45.2 million in revenue for third quarter, compared to $16.9 million in 2009. Adjusted net income was $.04/share, down from $.06/share last year. Surges, who was previously president of sales for Allscripts, replaces Justin Dearborn, who will take up the newly created role of president and concentrate on Merge’s international operations.
There is not a better person to lead Merge now more than Jeff and I believe that not only the customer base will see a difference, but the employee base will as well. Feel sorry for all of those at the merged prior company who were waiting on great leadership to run the sales organization; just hope that they don’t promote from within.