MRGE Merge Healthcare Incorporated. featured news, full reports, and detailed charts
Merge Healthcare Incorporated. (MRGE) Wrap Up:
Certain statements in this report that are not historical facts, including, without limitation, statements that reflect our current expectations regarding our future growth, results of operations, performance, business prospects and opportunities, constitute forward–looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. When used in this report, the words “believes,” “intends,” “anticipates,” “expects,” “will” and similar expressions are intended to identify forward–looking statements, but are not the exclusive means of identifying them. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f01%2f0000950144-08-002522.html#FIS_BUSINESS"Merge Healthcare Incorporated. (MRGE:NASDAQ)
Snapshot of Merge Healthcare Incorporated. (MRGE)
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OPEN
$3.12
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PREVIOUS CLOSE
$3.14
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DAY HIGH
$3.20
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DAY LOW
$3.07
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52 WEEK HIGH
07/7/09 - $4.78
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52 WEEK LOW
11/28/08 - $0.26
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MARKET CAP
230.9M
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AVERAGE VOLUME 3 mo
345.6K
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DILUTED EPS TTM
$0.08
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SHARES OUTSTANDING
75.2M
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MRGE Does Not Pay Dividends
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P/E TTM
40.5x
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MRGE Top Compensated Officers
Executives, Board Directors
Key developments for Merge Healthcare Incorporated. (MRGE)
Merge Healthcare Incorporated. announced its settlement with the SEC of the multi-year investigation into the conduct of two former company executives, and the circumstances which led to a restatement in 2006 of the company's 2002 through 2005 financial statements. This investigation ran concurrent with two shareholder lawsuits, which were resolved in 2008. The complaint, filed by the SEC in federal court today, charged Merge with record-keeping violations, and charged two of the company's former executives with accounting fraud. In resolving this matter, the SEC decided not to charge the company with fraud nor assess any penalty against the company for the actions of its former executives. This outcome is in alignment with Merge's expectations, as previously disclosed.
The Securities and Exchange Commission charged Merge Healthcare Incorporated. and two former senior executives for their roles in an accounting fraud that ultimately caused the company's stock price to drop by two-thirds during a seven-month period. The SEC further alleges that Linden, with Veech's knowledge, interfered with the audit confirmation process by instructing Merge sales personnel to tell some of Merge's customers not to disclose side agreements to Merge's outside auditor. Also, Linden signed at least 16 and Veech signed at least 14 false and misleading management representation letters to Merge's outside auditor.
Merge Healthcare Incorporated. and MEDRAD Inc. announced an expansion of their European Union Distribution Agreement for CADstream, a dedicated CAD system for MRI. The expanded Distribution Agreement now allows MEDRAD to distribute CADstream in France, as well as the United Kingdom, Germany and Italy; some of the fastest-growing markets for CAD in the EU. CADstream complements the MEDRAD product portfolio and customers in France are requesting the product.
MRGE Competitors
| Company | Last | Change |
| DivX Inc | $5.21 USD | +0.01 |
| Monotype Imaging Holdings Inc | $7.66 USD | -0.02 |
| Sonic Solutions | $8.36 USD | -0.48 |
| Virtual Radiologic Corp | $13.03 USD | -0.19 |
| Vital Images Inc | $12.60 USD | -0.05 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MRGE | Industry Range |
| Price/Earnings | 42.2x |
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| Price/Sales | 3.0x |
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| Price/Book | 4.5x |
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| Price/Cash Flow | 22.9x |
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| TEV/Sales | 3.2x |
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MRGE |
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MRGE transactions
| Type Date |
Target |
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Private Placement
November 13, 2009 |
-- |
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Merger/Acquisition
August 7, 2009 |
Merge CAD Inc. |
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Merger/Acquisition
May 30, 2009 |
Merge eClinical |
More Recent News About Merge Healthcare Incorporated.
More news for MRGE
MERGE HEALTHCARE INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for MERGE HEALTHCARE INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MERGE HEALTHCARE INC 5-Nov-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...Click here to read the whole Article (external link)
Merge inks China distribution agreement
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
Merge Healthcare Announces Offering
MILWAUKEE--(BUSINESS WIRE)--Merge Healthcare (NASDAQ: MRGE - News) (“Mergeâ€) announced today that it is offering to sell up to 9,034,033 shares of common stock in a registered direct offering to select institutional investors at a purchase price of $3.00 per share. Merge expects to enter into definitive agreements with respect to this offering later today. A shelf registration statement, as amended, relating to these securities was previously filed on September 3, 2009 and declared effective by the Securities and Exchange Commission. A free writing prospectus was filed today with the Securities and Exchange Commission. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A copy of the prospectus supplement and accompanying base prospectus can be obtained at the Securities and Exchange Commission's website ...Click here to read the whole Article (external link)
ESCO Technologies, Merge Healthcare: Biggest Price Decliners (ESE, MRGE)
By MARKET DATA STAFF ESCO Technologies Inc. topped the list of Biggest Percentage Price Decliners among common stocks on the New York Stock Exchange at midday on Friday. See the full list . Merge Healthcare Inc. topped the list of Biggest Percentage Price Decliners among common stocks on the Nasdaq Stock Market. See the full list . ...Click here to read the whole Article (external link)
Merge Healthcare to sell 9 million shares
Merge Healthcare said it is offering to sell up to 9,034,033 shares of common stock at $3 per share with proceeds going to pay debt held by the company’s chairman and largest shareholder. West Allis-based Merge (NASDAQ: MRGE) said Friday the estimated net proceeds from the registered direct offering to select institutional investors will net proceeds of approximately $25.2 million. The company said it intends to use $18.1 million of the proceeds to prepay in full its senior secured note due in June 2010. The payment will include all amounts owed under the $15 million note and a $3.1 million prepayment penalty. The note is held by Merrick RIS LLC and bears a 13 percent interest rate. Merrick RIS owns 42.7 percent of the Merge’s outstanding common stock. Michael Ferro Jr., who is Merge Healthcare’s chairman, and trusts for the benefit of his family members own a majority of the equity interest in Merrick RIS. Ferro also serves as the chairman and CEO of Merrick RIS. Justin Dearborn, who is Merge’s CEO and a director, served as managing director and general counsel of Merrick Ventures LLC, which is an affiliate of Merrick RIS, from January 2007 until his appointment as Merge CEO in June 2008. Merge said Friday morning that it expects to enter into definitive agreements with respect to this offering later on Friday. Merge Healthcare develops software that automates health care data and diagnostic workflow. The company’s products, range from standards-based development toolkits to fully integrated clinical applications. Merge stock was trading Friday morning at...Click here to read the whole Article (external link)
Merge Healthcare Announces $27.3 Million Registered Direct Offering
MILWAUKEE--(BUSINESS WIRE)--Merge Healthcare (NASDAQ: MRGE - News) (“Mergeâ€) announced today that it has entered into definitive agreements to raise up to $27.3 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses, in a registered direct offering with select institutional investors. The transaction is expected to close on November 18, 2009, subject to customary closing conditions. The offering consists of the sale and issuance of up to 9,084,032 shares of the Company’s common stock at a purchase price of $3.00 per share. Merge intends to use the net proceeds from this offering to prepay in full its senior secured note held by Merrick RIS, L.L.C. due June 2010 (the “Noteâ€). The remaining net proceeds from this offering will be used for general corporate purposes, including working capital. William Blair & Company, L.L.C. acted as the lead placement agent for the offering. Craig-Hallum Capital Group LLC and Robert W. Baird & Co. Incorporated acted as co-placement agents for the offering.A shelf registration statement, as amended, relating to these securities was previously filed on September 3, 2009 and declared effective by the Securities and Exchange Commission (SEC No. 333-161691). A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. This press release does not ...Click here to read the whole Article (external link)
Merge Healthcare to raise at least $27.3 million
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
MERGE HEALTHCARE INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibit
Item 1.01. Entry into a Material Definitive Agreement On November 13, 2009, Merge Healthcare Incorporated (the "Company") entered into a placement agency agreement (the "Agency Agreement") with William Blair & Company, L.L.C., Craig-Hallum Capital Group LLC and Robert W. Baird & Co. Incorporated (the "Placement Agents"), pursuant to which the Placement Agents agreed to use their reasonable best efforts to arrange for the sale of up to 9,084,032 shares of the Company's common stock in a registered direct public offering (the "Registered Direct Offering"). The Company has agreed to pay the Placement Agents an aggregate fee equal to 6% of the gross proceeds received in the offering. The Company has also agreed to reimburse the Placement Agents for expenses incurred by them in connection with the offering, with a maximum expense reimbursement in such amount that, when aggregated with the 6% fee, does not exceed the lesser of $150,000 and 8% of the gross proceeds received by the Company in the offering. The Agency Agreement contains customary representations, warranties and covenants by the Company. It also provides for customary indemnification by each of the Company and the Placement Agents for losses or damages arising out of or in connection with the sale of the securities being offered. The Company has agreed to indemnify the Placement Agents against liabilities under the Securities Act of 1933, as amended. The Company has also agreed to contribute to payments the Placement Agents may be required to make in respect of such liabilities. Also on November 13, 2009, the Company and certain institutional investors entered into subscription agreements (the "Subscription Agreements") in connection with the Registered Direct Offering, pursuant to which the Company agreed to sell an aggregate of up to 9,084,032 shares of its common stock to such investors for aggregate gross proceeds, before deducting fees to the Placement Agents and o...Click here to read the whole Article (external link)
