02 Sep Merge Healthcare completes acquistion of Seattle software firm
With the acquisition of Confirma, Inc. complete, Merge Healthcare has enhanced its medical imaging capabilities in MRI computer-aided detection (CAD) applications.
“We are committed to offering patients premium patient care,” says Susan Curry, MD, Founder and Medical Director, Women’s Center for Radiology. “To ensure patients receive the best chance at earlier detection and treatment, it is vital that we provide patients with access to the most innovative technology available for medical imaging. As a long-time customer of both Merge Healthcare and Confirma, we are ecstatic that the two companies have joined forces and CADstream will now be included in Merge’s suite of offerings.”
Curry adds, “Merge Healthcare continues to redefine the medical imaging community, focusing on integrations that provide standard of care technology for improved quality, workflow and economics — all important elements in today’s healthcare community.”
As part of the transaction Merge issued approximately 5.4 million shares of Merge Healthcare Common Stock. In addition, Merge will spend about $2 million to retire Confirma’s debt and pay that company’s transaction costs.
Confirma will be renamed Merge CAD and will operate as a business unit of Merge.
“This has been a straightforward transaction with a clear value proposition,” says Justin Dearborn, Merge CEO. “The Merge and Confirma teams both understand medical imaging technology at a very granular level and have a shared vision in ensuring that clinicians use it for faster and more efficient decision making. All stakeholders are anticipating that positive results will flow quickly from this newly combined business.”