Merge Healthcare, a Chicago-based provider of numerous electronic clinical systems including EMRs and PACS [picture archiving and communication system], has announced that its Board of Directors is evaluating the possibility of selling the company or merging with another. The company has retained Allen & Company LLC, a New York-based investment bank, to help explore and evaluate these options.
Merge indicates it does not have a defined timeline for the strategic review, and says the review may not even result in any specific action or transaction. It says it does not intend to comment further regarding the evaluation of strategic alternatives, unless a definitive agreement for a specific transaction is entered into, the process is concluded, or it otherwise deems further disclosure is appropriate or required.
Merge was ranked 35 in this year’s HCI 100.