Healthcare IT and advanced visualization developer Merge Healthcare of Milwaukee has completed a private placement of preferred and common stock totaling $41.75 million to fund a portion of its proposed acquisition of Amicas.
Merge initiated a tender offer on March 19 to purchase all outstanding common stock of the Boston-based PACS vendor for $6.05 per share.
The transaction contains a commitment from Merge to provide $40 million in preferred equity to the acquisition. This private placement will satisfy that commitment and is scheduled to close prior to the close of the tender offer to Amicas shareholders.
Related Reading
Merge begins cash tender offer for Amicas, March 19, 2010
Amicas nets cardiology reporting deals, March 15, 2010
Merge inks deal to acquire Amicas, March 5, 2010
Amicas reconsiders Merge bid, March 2, 2010
Merge updates Amicas offer, February 25, 2010
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