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Rival Buyout Offer for Amicas

Boston-based radiology information management company Amicas (NASDAQ: AMCS), which had been on the verge of a buyout by Chicago- and San Francisco-based private equity firm Thoma Bravo, said today it has received a rival offer from Merge Healthcare (NASDAQ: MERG), a Milwaukee, WI-based provider of radiology workflow management software. The Merge offer of $6.05 per share exceeds Thoma Bravo’s offer in December of $5.35 per share. But the Amicas board of directors said in a statement that because the Merge offer is conditioned on third-party financing and other factors, it is “illusory and risky.” The company urged shareholders to approve the Thoma Bravo merger at the company’s next shareholder meeting on March 4.