News | February 13, 2009

Emageon Receives Escrowed Funds, Terminates Merger Agreement

February 13, 2009 - Emageon Inc. said today that it has received the $9 million that had been placed in escrow with The Bank of New York Mellon by Health Systems Solutions Inc. in connection with the parties' merger transaction; the escrowed funds became payable to Emageon when the merger was not consummated before the close of business on Feb. 11, 2009.

Emageon also said that it has terminated its amended merger agreement with Health Systems due to Health Systems' failure to receive all necessary financing on or before the designated closing date of Feb. 11, 2009. Emageon continues to evaluate its options in response to these developments.

For more information: www.emageon.com

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