AMICAS Agrees To Be Acquired By Merge Healthcare For $6.05 Per Share In Cash
AMICAS, Inc. (Nasdaq:AMCS – News) and Merge Healthcare Incorporated (Nasdaq:MRGE – News) today announced that they will enter into a definitive merger agreement (the “Merge Acquisition Agreement”) pursuant to which Merge will acquire all of the outstanding shares of AMICAS for $6.05 per share in cash, or an aggregate of $248 million. The Board of Directors of AMICAS has unanimously voted to terminate AMICAS’ previously announced agreement with an affiliate of Thoma Bravo, LLC and to enter into the Merge Acquisition Agreement. Merge’s $6.05 per share cash purchase price represents a premium of approximately 13% percent over the $5.35 per share price contemplated by the prior agreement.
Together, AMICAS and Merge will become a leading global healthcare IT provider, bringing together the best employees, customers and solutions in a broad array of image and information management and related solutions. [Read the full article]
Evercore Partners said Friday it has agreed to buy a 49 percent interest in Atalanta Sosnoff Capital LLC for $69 million.
Evercore Partners, an investment banking advisory firm, said Atalanta Sosnoff’s management team will own 51 percent of the company, which provides investment advisory services to corporations, tax exempt pension funds, charitable organizations and others.
Current managers will run the company with Martin Sosnoff serving as CEO and Craig Steinberg, president.
Atalanta’s investment processes and day-to-day operations will remain unchanged, Evercore said in a statement. [Read the full article]
FleetRisk Advisors, Inc. announces the acquisition of Safety Management Solutions, LLC (SMS), a recognized industry leader in developing productive and safe workplace cultures in a variety of business sectors including: manufacturing, distribution, sales and mobile services. The merger strengthens FleetRisk Advisors’ position as the recognized pioneer in predictive analytics and decision support technology for the transportation and logistics industry. This acquisition will allow FleetRisk to significantly expand the scope of offerings delivered through its flagship safety management platform The Driving Center™.
“The merger gives current SMS customers access to cutting edge technology and systems and provides current FleetRisk customers with additional subject matter expertise and much broader domain expertise,” said James Kaletta, President of SMS. [Read the full article]
Denham Capital (“Denham”), an energy- and commodities-focused global private equity firm, announced today an agreement to sell its portfolio company, Trinity Coal (“Trinity”), a U.S. coal producer with operations in the Central Appalachian region, for $600 million to Essar Minerals, Delaware (“Essar”), a subsidiary of Essar Global . The deal is subject to relevant approvals and is expected to close by the end of the month.
As one of the top 10 U.S. coal producers, Trinity owns and operates mines in Kentucky and West Virginia, and has a proven resource base of approximately 200 million tons of coal” split equally between metallurgical coal and steam coal. [Read the full article]