News | November 05, 2009

Merge Settles Suit with SEC on Record-Keeping Violations

Justin Dearborn, Merge CEO

Merge Healthcare, a health IT solutions provider, today announced its settlement with the SEC of the multi-year investigation into the conduct of two former company executives, and the circumstances which led to a restatement in 2006 of the company’s 2002 through 2005 financial statements. This investigation ran concurrent with two shareholder lawsuits, which were resolved in 2008.

The complaint, filed by the SEC in federal court today, charged Merge with record-keeping violations, and charged two of the company’s former executives with accounting fraud. In resolving this matter, the SEC decided not to charge the company with fraud nor assess any penalty against the company for the actions of its former executives. This outcome is in alignment with Merge’s expectations, as previously disclosed.

"Merge Healthcare is glad to see that the SEC considered the facts and circumstances, as well as Merge’s cooperation, in reaching this resolution," said Justin Dearborn, Merge CEO in a release issued today. "This has been a long and difficult process for the company, even though these issues happened several years ago. Employees, customers and shareholders all welcome the closing of this chapter of Merge’s history."

For more information:

Related Content

Technology | Archive Cloud Storage | November 19, 2018
November 19, 2018 — Intelerad Medical Systems announced the launch of the nuage Disaster Recovery (DR) Platform.
News | Enterprise Imaging | November 14, 2018
Konica Minolta Healthcare Americas Inc. will showcase new features and tools for the Exa Enterprise Imaging platform at...
Deaconess Health System Chooses Sectra as Enterprise Imaging Vendor
News | Enterprise Imaging | November 02, 2018
International medical imaging information technology (IT) and cybersecurity company Sectra will install its enterprise...
Carestream Spotlights Healthcare IT and Imaging Systems at RSNA 2018
News | Information Technology | October 31, 2018
Carestream announced it will be displaying several imaging and healthcare information technology (IT) offerings at the...
Cullman Regional Medical Center

Cullman Regional Medical Center (Alabama) is a 145-bed medical center serving more than 175,000 residents in a six-county area and recognized as one of the region’s finest medical facilities.

Sponsored Content | Case Study | PACS | October 05, 2018
When Cullman Regional Medical Center in Alabama decided to switch from 2-D
Agfa Introducing New MUSICA Workstation at RSNA 2018
News | PACS Accessories | October 04, 2018
At the 2018 Radiological Society of North America (RSNA) annual meeting, Nov. 26-30 in Chicago, Agfa HealthCare will...
Intelerad Medical Systems Appoints New President and CEO
News | Enterprise Imaging | September 25, 2018
September 25, 2018 — Intelerad Medical Systems announced that following the retirement of Randall Oka, its board of d
Laurel Bridge Enables Healthcare Providers to Manage Image Archive Migrations and Consolidations
News | Enterprise Imaging | September 25, 2018
September 25, 2018 — Laurel Bridge Software announced improvements to their Exodus Migration and Consolidation Contro
Sponsored Content | Case Study | Information Technology | September 07, 2018
One of the Northeast’s major teaching hospitals is an international leader in virtually every area of medicine. It has...