 |
|
 |
Merge Technologies Closes
Acquisition of eFilm Medical, Inc. Combined organization
provides integrated image and information workflow solutions
on a global basis.
Milwaukee, WI, June 28, 2002
Milwaukee, WI, June 28, 2002 - Merge Technologies Incorporated
(NASDAQ: MRGE) today announced the closing of the acquisition
of eFilm Medical Inc., a privately held Toronto-based
company that develops medical imaging and information
workflow products and services, for one million shares
of Merge common stock.
Richard Linden, Merge's President and CEO, said, "Completing
this acquisition formally launches the next phase of
our strategic development, and positions us as a global
provider of integrated image and information workflow
solutions. We anticipate a rapid integration of the
two companies given our existing product innovation
partnership. In the near future we expect to present
a unified suite of solutions to the market, with a broader
rollout of our capabilities across the spectrum of image
and information workflow slated for release later this
year at RSNA 2002. We are especially pleased to welcome
the talented eFilm staff to the new organization, including
Greg Couch and Catherine McCallum, who will assume senior
leadership roles."
"By merging our two organizations, we make a clear
statement about our patient-centric approach to image
and information management workflow solutions,"
commented Gregory Couch, co-founder of eFilm Medical
Inc. "We are committed to providing the healthcare
industry with clinically focused, open architecture
solutions that address the digital imaging needs of
the healthcare enterprise. The workstation delivery
model pioneered by eFilm will continue to be central
to the business strategy delivered by our combined organization.
Together, our solutions will reduce complexity for our
customers, increase productivity and clinical user satisfaction,
and ultimately improve the care of the patients they
serve."
###
eFilm Medical Inc., is a leading player in the development
of medical imaging workflow products and services. Founded
inside two of Canada's leading healthcare institutions,
the company develops innovative medical image viewing
and related solutions. The unique perspective gained
from developing within a clinical environment, combined
with the global use of its medical imaging solutions,
has provided eFilm with a recognized level of customer
knowledge and understanding.
|
Attn: Beth Frost-Johnson
Merge Healthcare
6737 West Washington St.
Suite 2250
Milwaukee, WI 53214
|
|
 |
|
 |
|
| Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words “will,” “believes,” “intends,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, the uncertainty created by, the adverse impact on relationships with customers, potential customers, suppliers and investors potentially resulting from, and other risks associated with, the changes in the Company’s senior management; costs, risks and effects of the investigation by the Audit Committee of the Board of Directors; the impact of the restatement of financial statements of the Company and other actions that may be taken or required as a result of such restatement; the Company's inability to timely file reports with the Securities and Exchange Commission; risks associated with the Company's inability to meet the requirements of The NASDAQ Stock Market for continued listing, including possible delisting; costs, risks and effects of legal proceedings and investigations, including the informal, non-public inquiry being conducted by the Securities and Exchange Commission and class action, derivative, and other lawsuits; risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, ability to integrate acquisitions, changing economic conditions, credit and payment risks associated with end-user sales, dependence on major customers, dependence on key personnel, and other risk factors detailed in the Company’s filings with the Securities and Exchange Commission. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason.
|
|
|