New Issue: Merge Healthcare settles $41.75 million placement of stock, preferreds

By Devika Patel

Knoxville, Tenn., April 5 - Merge Healthcare Inc. settled a $41.75 million private placement of series A preferred stock and common stock on April 1, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 41,750 15% preferreds at $627.40 apiece and 7,515,000 common shares at $2.07 per share.

Proceeds will be used to fund the acquisition of Amicas, Inc.

Based in Milwaukee, Merge Healthcare develops medical imaging and information management software and services.

Issuer:	Merge Healthcare Inc.
Issue:	Series A preferred stock, common shares
Amount:	$41.75 million
Warrants:	No
Settlement date:	April 1
Stock symbol:	Nasdaq: MRGE
Stock price:	$1.99 at close April 1
Market capitalization:	$165 million
Preferreds
Amount:	$26,193,950
Shares:	41,750
Price:	$627.40
Dividends:	15%
Common stock
Amount:	$15,556,050
Shares:	7,515,000
Price:	$2.07

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