Milwaukee-based Merge Healthcare, a provider of medical-imaging solutions, has canceled an agreement to sell its China-based operations, Cedara Software Shanghai Co., to Inqgen Technology.
The sale was initiated by former Merge executives in March 2008 but not finalized. Termination of the transaction was by mutual agreement, according to a news release. The decision was part of a revamped global growth strategy, according to Merge Chief Executive Officer Justin Dearborn.
As we have discussed on our two prior earnings calls, we believe in the growth of our core business on an international scale, and therefore terminated the planned divestiture of our European operations in June, Dearborn said in the release. Now, with the reacquisition of our China operations, we feel that we are well-positioned to execute our global strategy."
Zhong Wang, director of Asian Business Operations for Merge OEM, will assume management of the Shanghai-based operations.