In the latest acquisition, in what appears to be a major trend in the health industry, image management firm Emageon of Birmingham, AL, has agreed to be acquired by Health Systems Solutions (HSS) of New York City.

Boards of both companies have approved an all-cash stock transaction valued at $2.85 per share, or approximately $62 million, which is approximately 37% greater than Emageon's share price at the close of the market on October 13, 2008.

The new entity will have approximately 400 employees. Emageon's current management will continue to operate the business as part of HSS' group of companies, and sales and support functions of both organizations will be maintained.
Recently we have also seen a merger between Allscripts Healthcare Solutions Inc. with Misys Healthcare Systems LLC. Misys paid $330 million for a 54.5 percent stake in the combined group. The closing happened earlier this month.

Elsewhere, Apria Healthcare Group Inc. recently voted in favor of the proposed merger of the company with Sky Acquisition LLC, an affiliate of The Blackstone Group. Of the total 38.43 million shares voted, reflecting approximately 85.5% of Apria's total outstanding shares that are entitled to vote, about 99.6% were reported to have voted in support of the merger agreement. The Lake Forest, California-based healthcare services company, noted that under the terms of the agreement, each issued outstanding share of Apria common stock will be converted into the right to receive $21 in cash, without interest and less applicable withholding taxes.

Other recent notable news items:
-GE Acquires Agility Healthcare Solutions
https://www.dotmed.com/news/story/7081/

-Alliance Medical Acquires Tomovation
https://www.dotmed.com/news/story/7097/

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