Merge Engages Allen & Company LLC to Explore and Evaluate Strategic AlternativesOK...
CHICAGO, Sept. 6, 2012 (GLOBE NEWSWIRE) -- Merge Healthcare Incorporated (Nasdaq:MRGE) ("Merge" or the "Company"), a leading provider of clinical systems and innovations that seek to transform healthcare, today announced that its Board of Directors has retained Allen & Company LLC, a New York-based investment bank, to assist in exploring and evaluating a broad range of strategic alternatives, including, but not limited to, a sale of the Company or a business combination.
The Company does not have a defined timeline for the strategic review, and there can be no assurance that the review will result in any specific action or transaction. The Company does not intend to comment further regarding the evaluation of strategic alternatives, unless a definitive agreement for a specific transaction is entered into, the process is concluded, or it otherwise deems further disclosure is appropriate or required.
So we are shopping Merge around, are we? What hath God (or Michael Ferro) wrought?
My friend the
On the other hand, CEO Jeff Surges' old haunt, Allscripts, might want a piece of this, too. You never know.
Of course, it is completely possible that Merge is simply weighing its options and will just continue to to what its doing. We'll see.
More to come, I'm sure...
My friend 23Skidoo refers us to HealthImaging.com:
The developer of enterprise imaging and interoperability technologies delved further into the imaging informatics space in April 2010 with the acquisition of PACS giant Amicas. Following that merger, Merge posted a net loss of nearly $31 million in 2010, which the company partly attributed to the acquisition costs.Things were looking up, I thought...
Despite posting continued sales growth, the company reported a net loss of $10 million for the fiscal year of 2011 and a net loss of $5.9 million in second quarter 2012.
And a prescient note from "Sadie" on HISTALK: