News | April 28, 2010

Merge Finalizes $200 Million Acquisition of Amicas

April 29, 2010 - Merge Healthcare announced today it completed the acquisition of Amicas Inc., in which Merge purchased all of the outstanding shares of Amicas common stock for $6.05 per share. To finance the transaction, Merge placed $200 million senior secured notes due 2015, and completed a private placement of preferred and common stock of $41.75 million.

The combined customer base of the two companies accounts for approximately 1,500 hospital and 2,200 outpatient sites in the United States. With the merger, the health care information technology (IT) conglomerate now has distribution agreements in more than 35 countries.

For outpatient imaging businesses, the newly combined company will offer solutions for revenue cycle management, radiology information systems (RIS), referring physician connectivity solutions, picture archive and communication systems (PACS), and computer-aided detection (CAD) solutions. For hospitals, Merge will offer interoperability and healthcare IT solutions, as well departmental solutions for cardiology, radiology, and perioperative departments.

In conjunction with the completion of the transaction, the stock of Amicas has ceased trading on the NASDAQ stock market.

For more information: www.merge.com

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