Healthcare IT and advanced visualization developer Merge Healthcare has wrapped up its previously announced offering of $52 million in aggregate principal amount of senior secured notes.
Merge said the net proceeds from the 11.75% notes due 2015 will be used to, among other things, redeem and retire the outstanding Series A nonvoting preferred stock issued by Merge in a private placement in connection with its acquisition of PACS vendor Amicas, pay the consent payments in connection with Merge's previously announced consent solicitation, and pay fees and expenses related to the solicitation and offering.
