28 Aug Merge subsidiary shows company's healthcare IT products still have some market traction
Milwaukee, Wis. – While its parent company tries to move beyond another financial setback, Cedara Software announced that Varian Medical Systems of Palo Alto, Calif. has licensed its Cedara MergeCOM-3(TM) DICOM Toolkit for use in their medical imaging applications.
Cedara Software, a Toronto-based subsidiary of Merge Healthcare, is a provider of DICOM connectivity toolkits and a developer of software that is deployed in hospitals and clinics worldwide.
Merge Healthcare, a medical imaging software and services company, recently announced that it will be required to correct an error in how it has recognized revenue from software and maintenance contracts dating back to 2004. The Milwaukee-based provider of medical imaging software and services was notified on Aug. 13 that its common stock is subject to delisting from the NASDAQ Stock Market, which came several days after the company announced it would postpone the release of financial results for the three- and six-month periods that ended on June 30, 2007.
Meanwhile, the Cedara Software product will enable Varian Medical Systems, a manufacturer of medical devices and software for treating cancer and other medical conditions, to accelerate the development of DICOM-compliant solutions more cost effectively. Widely used by OEMs, the MergeCOM-3 DICOM Toolkit is a solution for quickly implementing DICOM interfaces and enable imaging companies to focus on their core competencies rather than addressing the connectivity needs of their solutions.
Related stories
• Merge Healthcare again faces delisting from the NASDAQ
• Merge Healthcare delays earnings announcement
• Merge launches diagnostic mammography workstation in Europe
• Merge Technologies’ net loss doubles to $10.1M
• Merge unveils next-generation imaging-informatics product