Merge Healthcare of Milwaukee said that it will be reducing its workforce by 150 positions, or approximately 28% of its total staff.
Many of the employee layoffs will be effective immediately, while others will be transitioned over the next six months. The firm said it anticipates run-rate cost savings of approximately $13 million to $16 million on an annual basis.
The company also reported that it will be closing its offices in San Francisco and Tokyo, and downsizing its operations in Burlington, MA; Cleveland; and Toronto.
Merge also has shuffled its operations and senior management as part of its reorganization. Loris Sartor, former vice president of sales, has been named president of Cedara Software and will lead this division of the firm. Jacques Coronet, former vice president of marketing and business development at Cedara, has been chosen as president of Merge Healthcare Europe, Middle East, and Africa (EMEA).
Merge eMed North America will be led by Kenneth Rardin, Merge Healthcare president and CEO, on an interim basis. Merge eMed North America president Robert White has resigned from his position, the company said.
In other management moves, Peter Bascom was promoted to senior vice president of engineering for Merge Healthcare; Tim Kulbago was promoted to chief technical officer and chief strategy officer for Merge Healthcare; Cory Hall was promoted to senior vice president of product management for Merge Healthcare; Gary Bowers was promoted to senior vice president of strategic business initiatives; and Greg Leszczynski to vice president of human resources of Merge Healthcare.
By AuntMinnie.com staff writers
November 16, 2006
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