 |
|
 |
Press Releases
MERGE EFILM CLOSES ACQUISITION
OF RIS LOGIC -- Acquisition ensures comprehensive suite
of RIS/PACS solutions from a single-source trusted provider,
supported by strong integration and workflow expertise.
Milwaukee, WI, July 17, 2003 - Merge Technologies Incorporated
(NASDAQ: MRGE), d.b.a. Merge eFilm, today announced
the closing of the acquisition of RIS Logic® Incorporated,
a privately held Ohio-based company that develops and
supports Radiology Information Systems (RIS) software.
The acquisition price of all RIS Logic shares was $2.725
million in cash plus 772,000 shares of Merge Technologies
common stock and the issuance of replacement employee
stock options.
Richard Linden, Merge's President and CEO, said, "With
the acquisition of RIS Logic, we gain vital strategic
benefits, including a broadened client base, leadership
in the healthcare software and services business, and
economies of scale. We will leverage this acquisition
to set a new standard in integrated RIS/PACS functionality,
optimize our customer support and service capabilities,
and create new opportunities for our employees."
RIS Logic will operate as a division of Merge eFilm,
and will maintain its Cleveland office location. Dan
Quigg, former RIS Logic President and CEO, will serve
as President of the RIS Logic division.
"The announcement last week of our signed definitive
agreement for the acquisition of RIS Logic had a very
strong and positive response from the marketplace,"
said Quigg. "Our customers and partners voiced
their support for our combined expertise in RIS, PACS,
and DICOM/HL7 integration. The closing of this acquisition
allows our newly merged organization to operationalize
our strategy of delivering comprehensive workflow solutions
from a single, trusted, reliable provider."
dditional information about the acquisition is available
at:
http://www.merge.com/rislogic/index.htm
# # #
About Merge eFilm
Merge eFilm is a global healthcare software and services
company focused on delivering a suite of RIS/PACS software
solutions and professional services to hospitals and
imaging centers. Our strength lies in our ability to
automate, integrate and replicate optimal workflow for
everyone involved in the care of the patient. For more
than sixteen years, Merge eFilm has leveraged its healthcare
IT, clinical and engineering experience to create elegant
and affordable solutions that improve the clinicians'
productivity and enhance the quality of the care they
provide. For additional information, visit our websites
at www.merge.com and www.rislogic.com.
|
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.
|
|
|