Merge eFilm Shareholders Approve Merger With Cedara
24 Maio 2005 - 3:00PM
PR Newswire (US)
Merge eFilm Shareholders Approve Merger With Cedara MILWAUKEE, May
24 /PRNewswire-FirstCall/ -- Merge Technologies Incorporated
(NASDAQ:MRGE), d.b.a. Merge eFilm, a leading global healthcare
software and services company, today announced that shareholders
overwhelmingly approved its merger with Cedara Software Corp.,
(Nasdaq: CDSW; TSX: CDE), a leading independent developer of
medical software technologies for the global healthcare market, at
a special shareholder meeting held today in Milwaukee, WI. The
merger is expected to close June 1, 2005, following court approval
in Canada. Upon completion of the transaction, the combined company
will provide the diagnostic OEM and end user markets with an
industry leading image and information management solution for
managing clinical and business workflow. The combined company will
have an extensive imaging product suite to meet the current and
emerging needs of OEM and end user customers in radiology and
multiple clinical specialties. The international presence, strong
product and distribution market coverage and financial strength of
the combined company will allow it to capitalize on the continued
digitization of the healthcare industry. The expanded opportunities
provided by this transaction will play an important role in
continuing Merge eFilm's track record as one of the fastest growing
healthcare information technology companies in the market. About
Merge eFilm Merge eFilm is a global healthcare software and
services company focused on accelerating the productivity of
imaging centers, small- to medium-sized hospitals and clinics with
a suite of RIS/PACS products that more efficiently streamline,
integrate and distribute image and information workflow across the
healthcare enterprise. Since 1987, Merge eFilm has leveraged its
healthcare integration and connectivity experience to create
workflow solutions that improve our customers' productivity and
enhance the quality of care they provide. For more information
about Merge eFilm's products and services, visit our website at
http://www.merge-efilm.com/ , or call Beth Frost-Johnson, Senior
Vice President-Marketing and Strategic Planning, at 414-977-4254,
email . About Cedara Software Corp. Cedara Software Corp. is a
leading independent provider of medical imaging technologies.
Cedara's software is deployed in hospitals and clinics worldwide
and is licensed by many of the world's leading medical device and
healthcare information technology companies. Approximately 28,000
medical imaging systems and 6,400 Picture Archiving and
Communications System (PACS) workstations have been licensed to
date. Cedara recently acquired eMed Technologies Corporation,
widely known as a provider of innovative PACS and teleradiology
solutions that have been installed in over 2,000 hospitals and
imaging centers. Cedara is quite unique in that it has technologies
and expertise that span all the major digital imaging modalities
including computed tomography (CT), magnetic resonance imaging
(MRI), digital X-ray, mammography, ultrasound, echo-cardiology,
angiography, nuclear medicine, positron emission tomography (PET)
and fluoroscopy. Furthermore, the Company's medical imaging
offerings are used in all aspects of clinical workflow including
the capture of a patient's digital image; the archiving,
communication and manipulation of digital images; sophisticated
clinical applications to analyze digital images; and even the use
of imaging in minimally-invasive surgery. For more information
about Cedara's products and services, visit our website at
http://www.cedara.com/ . Notice to Investors, Prospective Investors
and the Investment Community Cautionary Information Regarding
Forward-Looking Statements Statements in this press release
regarding the proposed merger of Merge Technologies, (d.b.a. Merge
eFilm) and Cedara Software Corp. which are not historical facts,
including expectations of financial results for the combined
companies (e.g., projections regarding revenue, earnings, cash
flow, cost savings and future growth), are "forward-looking
statements." All forward- looking statements are inherently
uncertain as they are based on various expectations and assumptions
concerning future events and they are subject to numerous known and
unknown risks and uncertainties which could cause actual events or
results to differ materially from those projected. Investors are
cautioned not to place undue reliance on these forward-looking
statements and any such forward-looking statements are qualified in
their entirety by reference to the following cautionary statements.
Merge eFilm and Cedara undertake no obligation to publicly release
the result of any revisions to these forward-looking statements
that may be made to reflect any future events or circumstances.
DATASOURCE: Merge Technologies Incorporated CONTACT: Richard
Linden, President & CEO, +1-414-977-4665, or Scott Veech, Chief
Financial Officer, 414-977-4264, both of Merge eFilm Web site:
http://www.merge-efilm.com/ http://www.cedara.com/
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