Healthcare IT and advanced visualization developer Merge Healthcare reported slight revenue gains and an increase in net loss in its third quarter.
For the period (end-September 30), Merge had revenue of $60.4 million, a slight increase from the $60.1 million reported last year. The vendor had a quarterly net loss of $3.8 million, compared with a net loss of $1 million in 2011.
The quarterly results demonstrate the company's transition to a subscription model for new and existing clients, Merge CEO Jeff Surges said.
In other Merge news, the company said it has received an order from Resurgens Orthopaedics in Atlanta for its Honeycomb archive for cloud-based image storage and management.
