Imaging software systems vendor Merge Technologies, Milwaukee, doing business as Merge Healthcare, announced that the 11 persons nominated for re-election to its board of directors did in fact get re-elected during a Dec. 28 shareholders meeting. That was the only action taken at the meeting, which was originally set for Dec. 18 but had to be rescheduled because a quorum of shareholders was not present.
On Nov. 16, Merge -- in a move it referred to as "right-sizing" -- announced it would eliminate 150 jobs, or 27% of its current workforce of 550 employees, in an effort to save $13 million to $16 million a year. On Nov. 9, it reported a net loss of $10.8 million for the third quarter ended Sept. 30, 2006, compared with a net profit of $9.6 million for the same period last year. Third-quarter revenue was listed at $13.95 million, a 60% reduction of the previous year’s $35 million third-quarter figure.
No company spokesman was available to provide further details.