Rival Buyout Offer for Amicas

2/22/10

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.

Wade Roush is a contributing editor at Xconomy. Follow @

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