Merge Healthcare completed its $22 million acquisition of Confirma.
Under terms of the deal, Merge will issue 5.4 million shares of stock and add about $2 million to Confirma's cash balance to retire outstanding debt. Seattle-based Confirma, a developer of computer-assisted detection technology, will be renamed Merge CAD, operating as a business unit of the company. Paul Budack, who had been serving as vice president of research, development and operations of Confirma, will lead the unit, Merge said in a news release.
Milwaukee-based Merge develops medical imaging technology.