Emageon Gets Snapped Up | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Emageon Gets Snapped Up

October 14, 2008
by root
| Reprints

Birmingham, Ala.-based Emageon Inc. is being acquired by New York-based Health Systems Solutions, Inc. (HHS) in a $62 million cash transaction.

The melding of the organizations will result in a company of approximately 400 employees. Current Emageon management will continue to operate the business “as they have,” but as a part of the HSS group of companies, according to the organizations. Sales and support functions of both organizations will be maintained. HHS and Emageon say the combination will speed the development of a “next generation” PACS. Earlier this year, Emageon received the “Best in KLAS" award for Cardiology PACS.

Under the terms of the agreement, HSS will acquire all outstanding shares of Emageon common stock for $2.85 a share. The price represents approximately a 37 percent premium on Emageon’s share price as of market close on Oct. 13.

The Health IT Summits gather 250+ healthcare leaders in cities across the U.S. to present important new insights, collaborate on ideas, and to have a little fun - Find a Summit Near You!


See more on