Healthcare IT and advanced visualization developer Merge Healthcare announced that it has signed a merger agreement to acquire Ophthalmic Imaging Systems (OIS) of Sacramento, CA.
OIS provides digital imaging and informatics solutions for ophthalmology and other medical specialties. OIS shareholders will receive 0.1693 shares of Merge Healthcare common stock for each share of OIS common stock. The aggregate value of the Merge common stock will be approximately $30.3 million before anticipated costs related to outstanding OIS debt, options, and warrants.
The transaction is expected to close in the third quarter of 2011, pending customary closing conditions and the successful completion of regulatory hearings, according to the companies.
