Amicas agrees to $217 million bid by buy-out firm Thoma Bravo
28 December 2009
Amicas Inc, a provider of imaging IT solutions in the healthcare sector, said it has agreed to be acquired to $217 million cash bid by private equity firm Thoma Bravo LLC.
The Boston, Massachusetts-based Amicas is a leading provider of radiology and medical image and information management solutions in the US. The company provides an end-to-end IT solution for imaging centers, ambulatory care facilities, radiology practices, and billing services.
Amicas also provide comprehensive image management solution for cardiology and radiology that supports EMR strategies to enhance clinical, operational, and administrative functions of hospitals and integrated delivery networks.
In February, Amicas acquired Emageon Inc, a provider of information technology systems for hospitals, healthcare networks, and imaging facilities for $39 million.
Under the terms of the agreement, Amicas shareholders will receive $5.35 in cash for each share of Amicas's common stock they hold, representing a premium of approximately 24 per cent over Amicas's average closing share price during the 30 trading days ending 24 December, and a 38 per cent premium over Amicas's average closing share price during the 90 trading days ended 24 December.
"We look forward to continuing our mission to provide the best solutions for image and information management in healthcare, we believe that working with Thoma Bravo will enable us to focus our resources on our business and our customers. With the additional capital and operational expertise available to Amicas' through Thoma Bravo, we will be able to grow as the needs of our customers evolve and will be enabled to better serve our market," said Amicas chairman and chief executive Stephen Kahane.