Strategic acquisition will significantly expand AMICAS' presence in the image and information management market
BOSTON, April 2 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS) a leader in radiology and medical image and information management solutions, today announced that it has completed the acquisition of Emageon Inc. (Nasdaq: EMAG).
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'AMICAS and Emageon have a shared vision that is focused on providing outstanding image and information management solutions in healthcare,' said Stephen Kahane MD, president, chief executive officer, and chairman of AMICAS. 'We at AMICAS are extremely excited about joining forces with Emageon, and we believe that our combined offerings are in line with the future of imaging and will result in great innovation for our combined customer base and the future of the market.'
AMICAS' acquisition of Emageon will create a leading healthcare IT vendor, with more than 1,000 customers, that offers one of the most comprehensive image and information management solutions on the market. The combined solution suite will include radiology PACS, cardiology PACS, radiology information systems, cardiology information systems, revenue cycle management systems, referring physician tools, business intelligence tools, and electronic medical record-enabling enterprise content management capabilities.
'Emageon's significant market presence in providing radiology and cardiology IT solutions to large IDNs complements AMICAS' comprehensive solutions for radiology practices, imaging centers, and hospitals,' said Keith Stahlhut, acting chief operating officer at Emageon.
'Together, we have a presence in virtually every location where imaging services are provided to patients. We will be able to offer a comprehensive set of solutions to meet virtually every image and information management need healthcare providers have when they are delivering the best quality of healthcare possible to their patients -- while managing their business in an optimal manner,' said Dr. Kahane.
As a result of the statutory merger completed today, AMICAS now owns 100 percent of Emageon Inc. AMICAS had previously purchased 88 percent of the Emageon common stock outstanding pursuant to the tender offer which expired on April 1, 2009.
