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Information-based decision-making is critical to physicians in delivering quality care and ensuring efficiency in today’s health care systems. Patient data must be available and used for effective decision-making. Yet, because it exists in various systems across numerous healthcare providers, this information is not always readily available to clinicians.
As managed care penetrated more fully into the radiology sector in the 1990s, the industry experienced a time in which demand for diagnostic radiology exceeded the supply of radiologists. Studies published in the early part of this decade highlighted a severe radiologist shortage.
Change in Demand
July 16, 2010 – Intrinsic Imaging LLC and Merge Healthcare announced this week that they have entered into a technology agreement and Intrinsic will become the first company to implement Merge’s new Clinical Imaging Management System (CIMS).
May 25, 2010 - Upon the acquisition of Amicas, a radiology and cardiology information technology (IT) developer, Merge Healthcare will display Amicas products at the Society for Imaging Informatics in Medicine (SIIM) meeting June 3 - 5, 2010 in Minneapolis.
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.
As the managers of a diagnostic imaging center, my colleagues and I took it upon ourselves to pay a visit to our U.S. senator in Washington D.C., and express our views on the proposed health care bill. We started the dialogue by posing a basic question to the senator’s legislative correspondent on health care and his staff.
April 26, 2010 - Merge Healthcare Inc. and Amicas Inc. today announced the expiration of the tender offer (Offer) for all of the outstanding shares of Amicas’ common stock by Project Ready Corp., a wholly-owned subsidiary of Merge Healthcare. The offer expired at 5:00 p.m., New York City, New York time, on Friday, April 23, 2010.
April 19, 2010 - Merge Healthcare Inc. (Merge) today announced the pricing of its $200 million aggregate principal amount of 11.75 percent senior secured notes due 2015. The issue price is 97.266 percent of the principal amount of the notes.
April 6, 2010 - In order to fund a portion of the proposed deal to acquire Amicas Inc., Merge Healthcare announced it will offer $200 million aggregate principal amount of senior secured notes due in 2015.
March 5, 2010 - After wavering between an initial offer from Thoma Bravo, LLC for $5.35 per share, and an offer from Merge Healthcare Inc.