Merge Healthcare, a Chicago-based imaging vendor, has dipped its toe in the acquisition pool, grabbing San Diego-based DR Systems for $70 million.
Merge announced the acquisition of the enterprise medical imaging vendor during its fourth quarter financial earnings report. Merge said it was acquiring DR to deploy its imaging product to a broader client base. However, Merge says that support for DR’s core platform will remain in place and it will advance their products.
Murray Reicher, M.D., CEO of DR Systems, will assume the role of chief medical officer of Merge Healthcare.
“This acquisition reflects Merge's commitment to delivering solutions that enable our healthcare partners to elevate their clinical success, financial results, and the health of their communities. [It] also greatly expands our market share, which we believe is extremely important given the provider consolidation that is underway. Further, the acquisition will allow us to deploy our iConnect Network services, including pre-authorization services, to a broader client footprint immediately," Justin Dearborn. CEO of Merge, said in a statement.