Radiology IT and advanced visualization firm Merge Healthcare has filed its Form 10-Q report for its second quarter, bringing the firm up to date with its Securities and Exchange Commission filing requirements.
The Milwaukee-based firm reported second-quarter net sales of $31.7 million, more than double the restated 2005 second-quarter revenues of $15.2 million. For the period (end-June 30), Merge had a loss of $215.8 million, including a $219.4 million goodwill impairment charge. In the second quarter of 2005, Merge had a net loss of $15.2 million.
The firm said it is seeking confirmation from the Nasdaq stock exchange that the filing of the report will bring it into full compliance with listing requirements, and that it will be satisfactory to maintain the listing of its common stock on the Nasdaq Global Market.
Merge has also appointed Kenneth Rardin as president and CEO. Rardin comes to Merge with over 25 years of senior management experience in the healthcare IT, computer software, and computer services industries, including a stint as founder, chairman, and CEO at Imnet Systems. Most recently, Rardin was chairman and CEO of healthcare IT consulting firm Park City Solutions.
He will also serve as interim president for Cedara Software, with Robert White remaining as president of Merge eMed.
By AuntMinnie.com staff writers
September 6, 2006
Related Reading
Merge files reports, requests Nasdaq extension, August 30, 2006
Merge gets additional Nasdaq notification, August 17, 2006
Merge releases Spanish version of eFilm Workstation, August 9, 2006
Merge executives resign, firm to restate 2002 through 2005 statements, July 3, 2006
Merge gets reprieve from Nasdaq, June 7, 2006
Copyright © 2006 AuntMinnie.com
