Merge Healthcare, Chicago, signed a definitive agreement to buy Ophthalmic Imaging Systems, Sacramento, Calif., in a stock deal worth approximately $30.3 million.
Merge Healthcare to acquire Ophthalmic Imaging Systems
The purchase would add ophthalmic imaging and informatics to Merge's current lineup of imaging enterprise products, which includes radiology, cardiology and orthopedics, according to Merge.
The agreement calls for Merge to issue 0.1693 shares of stock for each share of Ophthalmic Imaging, which was calculated with a five-day average Merge share price as of June 3 to value Ophthalmic Imaging at $1 a share, according to a news release.
The deal is expected to close in the third quarter of 2011 pending customary closing conditions and the successful completion of a California Fairness Hearing before the California Department of Corporations.
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