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Merge Healthcare appoints new CEO, reports $215 million Q2 loss

West Allis, Wis. - Merge Healthcare, a supplier of medical imaging and information technology, has appointed a new company leader and reported a $215.8 million quarterly loss.

Kenneth Rardin has assumed the role of president and CEO of the financially troubled company, replacing interim CEO Michael Dunham, chairman of the board of direc......

Full article >>> any, claiming it issued false statements in its 2005 purchase of Cedara Software for $325 million. The suit sparked an investigation that led to the discovery of material errors in its financial statements, followed by the resignations of top executives, including company founder Bill Mortimore. Last week, the company acknowledged that former executives did not......

Full article >>> n added.

IMNET was investigated after anonymous letters were sent to its auditors, and it underwent an "informal inquiry" from the U.S. Securities and Exchange Commission.

The investigation had "significant" short-term revenue impacts on the company due to the unknowns caused by the late filing and the ongoing negative comments by its competitors......

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Source:wistechnology.com By Chris Fleissner 09/06/06


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