Amicas, a Boston-based provider of healthcare imaging and information technology management services, has entered into a definitive agreement to be acquired by a private-equity firm in a deal worth about $217 million in cash.
An affiliate of Thoma Bravo, which has offices in Chicago and San Francisco, would acquire Amicas when the deal closes in the first quarter of 2010. Amicas has begun soliciting alternative proposals from third parties for 45 days as of Dec. 24.
Under the terms of the purchase agreement with Thoma Bravo, Amicas shareholders would receive $5.35 in cash for each share or stock option they hold, which would be a 21% premium to the stock's closing price of $4.42 on Thursday, ahead of the holiday weekend. The stock price rose 28% in premarket trading Monday, to $5.45, and then fell to slightly below $5.35 in morning trading.
Amicas offers services in radiology, cardiology, revenue-cycle management and content management in electronic health-record systems. Thoma Bravo is a multi-industry private equity firm.