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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Amicas (MM) | NASDAQ:AMCS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.04 | 0 | 01:00:00 |
1. | Why are Merge and AMICAS merging? | |
The combined business will create a global Healthcare IT leader bringing together the best employees, customers, and solutions in a broad array of image and information management and related solutions. Our combined portfolio will range from comprehensive automation solutions for cardiology and radiology providers to enterprise content management solutions for IDNs to OEM solutions for heath IT applications to trial, site and patient management solutions for pharmaceutical, biotechnology, medical device and contract research organizations | ||
Highlights regarding the combined business: |
| Our combined business will have over 2,000 customers! | ||
| Our combined business will offer solutions for a broad segment of the healthcare market including hospitals, integrated delivery networks, radiology practices, cardiovascular providers, healthcare IT vendors, clinical trials vendors, surgical providers, and many, many more! |
2. | What does this mean for me as an existing AMICAS employee? | |
AMICAS employees will benefit from a business that has greater scale this means expanded capabilities and experience for product development, professional services, and customer support. In addition to our having a broader product suite, we believe that the combination will facilitate our expansion outside the U.S. | ||
3. | Ive seen a number of press releases related to the merger in the last couple of weeks. What is going on? Is this merger complete? | |
There were a number of press releases over the last couple of weeks to educate AMICAS investors about the acquisition proposal from Merge. Earlier this week, we issued a press release indicating that the final proposal from Merge was in fact superior to the Thoma Bravo agreement. Finally, today we announced that we have terminated the previous merger agreement with Thoma Bravo and that we have entered into a merger agreement with Merge. | ||
4. | What happened to Thoma Bravo? | |
As many of you know, AMICAS signed a merger agreement Thoma Bravo in December that would have transformed AMICAS into a private company. As a part of that merger agreement, AMICAS Board of Directors has a fiduciary responsibility to consider any superior offers that materialize before the Thoma Bravo transaction can be approved. The Merge proposal has been deemed to be a superior proposal for AMICAS shareholders. | ||
5. | When do we anticipate the merger with Merge to be completed? | |
Obviously, there is still a lot of work do be done, however, we anticipate the transaction to be completed sometime in the second quarter of 2010. | ||
6. | How will AMICAS fit within Merge? Who will be running the company? What will this mean for me and my position? Will Merge maintain the current AMICAS physical offices? | |
There have been no significant discussions or any final decisions made regarding the future structure of the combined company as a result, there are many decisions that are |
not yet finalized. Merge has a RIS/PACS business, an OEM business, a clinical trials automation business as well as a couple of other businesses. We believe that AMICAS and its products have a very strong position in the market, and we believe that will continue following the transaction. We believe that AMICAS including the team, the customers and the product/technology will be an extremely important component of the going forward business because AMICAS is over five times the size of the Merge RIS/PACS business. We believe this foundation and drive towards supporting and facilitating customer success will remain intact and be a critical part of the business going forward. | ||
7. | How does this impact what I am doing today and the initiatives that I am working on at this time? | |
It is extremely important that we continue to operate under the principle of business as usual. We still have a lot of work to get done as a business and we need to stay on track with our current goals and objectives. Again, this is extremely important. | ||
8. | How much product overlap is there between the companies? Which products will we continue to use going forward? | |
There is remarkably little product overlap between the companies and both companies have a track record of investing significantly in research and development initiatives. We will need to navigate the product overlap in radiology PACS and RIS in the coming weeks and months but our initial impression is that we believe there are some potentially very interesting synergies between AMICAS and Merge in the areas of thin client viewing, CAD, and EMR integration. |
1 Year Amicas Chart |
1 Month Amicas Chart |
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