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Merge Healthcare to acquire Ophthalmic Imaging Systems

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CHICAGO — Merge Healthcare has signed a definitive merger agreement to acquire Ophthalmic Imaging Systems, according to a press release.

"The OIS solution suite and client base of prominent clinics and hospital networks are an ideal complement to our enterprise imaging capabilities and will be a great addition to our solutions portfolio," Jeff Surges, CEO of Merge Healthcare, said in the release.

Under the terms of the agreement, Merge Healthcare will tender OIS shareholders 0.1693 share of common stock for each $1 OIS share. The Merge Healthcare common stock has an aggregate value of $30.3 million, without anticipated costs related to outstanding OIS debt, options and warrants.

Shareholders representing approximately 72% of OIS outstanding shares have agreed to vote in favor of the proposed merger, the release said.

The transaction is expected to close by the third quarter, pending customary closing conditions and the successful completion of a California Fairness Hearing, according to the release.