Navigation Links
Merge Healthcare Provides Update on the Restatement of Its Financial Statements
Date:10/29/2007

>

"Merge Healthcare continues to weather the storm caused by the Deficit Reduction Act ("DRA"), the 2006 restatement and the current restatement process that we are going through. With a better understanding of the DRA, visibility into the impact of the restatement, and our expectation to be current with our securities filings by the end of 2007, I am very encouraged about the Company's prospects for 2008 and beyond," said Ken Rardin, Merge Healthcare Chief Executive Officer.

The Company further announced that it expects to report restated revenues for the quarter ended March 31, 2007 of $15 to $16 million, and revenues for the quarter ended June 30, 2007 of $13 to $14 million. Bookings for the quarters ended December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 2007, totaled approximately $13 million, $20 million, $10 million, and $9 million, respectively. Bookings is defined by the Company as the total value of all contracts signed during a quarter and excludes any value attributed to related maintenance other than the first year of post-contract customer support (PCS). The previous definition of bookings used by the Company in its press release and earnings conference call for the first quarter of 2007 included maintenance for years two through five where the pricing for those years was agreed to by the customer in the contract. However, due to the current restatement process, the Company believes that it is more appropriate to exclude those additional years of maintenance from the definition of bookings because the additional years of maintenance are not typically contractual obligations of the customer. The expected results reported above should not be considered indicative of the Company's other financial results for such periods or for any future periods, including operating income and net income, which the Company will be able to report upon the completion of the restatement process.

Cash and cash equivalents on hand at September 3
'/>"/>

SOURCE Merge Healthcare
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Ambulance queue before hospitals with emergency patients
2. Gas Masks Dont Always Fit an Emergency
3. Emergence Of New Gene Scanning Technology In Disease Research
4. London Emergency Services Receive Wide Appreciation
5. WHO declares Tuberculosis – ‘An Emergency’ in Afrca
6. Indian Health Ministry approves sale of Emergency contraceptives as over the counter drug
7. Combination drugs for emergency heart attacks
8. Emergency Treatment Found Wanting In Anaphylactic Reactions
9. Diagnosis of Alzheimers years before clinical signs emerge
10. Men under 50 susceptible to suicide after discharge from emergency
11. Chlamydia Screening To Be Offered With Emergency Contraception
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/12/2014)... Restore My Vision Today is a ... a couple boasting very impressive credentials on the field ... Today as a way to help consumers do without ... their respective patients’ treatments . , In ... trove of pertinent information relevant to eye care like:, ...
(Date:7/12/2014)... 2014 The largest pure occupational medicine ... to announce that it will be opening its fifth ... will join four Atlanta-based Nova Medical Centers’ locations. The ... Deans Bridge Road, and will be open from 8:30 ... “With Nova’s treatment philosophy of rapid return-to-work and decreased ...
(Date:7/11/2014)... 2014 Recently, DressyQuinceanera.com, a well-known wedding ... Dama dresses to its online category. Furthermore, the ... at deeply discounted rates, up to 62% off. , ... equally excellent in terms of quality and style. All ... discounts are also offered for the company’s other items: ...
(Date:7/11/2014)... 11, 2014 Ticket Down reports that tickets ... and 3rd place World Cup Match between Brazil and ... will take place on Saturday, July 12th at Estadio Nacional ... Finals will take place on Sunday, July 13th at Estadio ... All tickets for the 2014 World Cup are guaranteed to ...
(Date:7/11/2014)... FRIDAY, July 11, 2014 (HealthDay News) -- Reducing the ... incidence of Lyme disease and other tick-borne infections ... that deer populations can be manipulated to reduce human ... of contracting Lyme disease," the researchers wrote. White-tailed ... which transmit Lyme disease to people. The study ...
Breaking Medicine News(10 mins):Health News:Restore My Vision Today | Groundbreaking Book Reveals How To Restore Your Vision Without The Use of Glasses – Vinamy 2Health News:Restore My Vision Today | Groundbreaking Book Reveals How To Restore Your Vision Without The Use of Glasses – Vinamy 3Health News:Nova Medical Centers To Open New Facility in Augusta, Georgia 2Health News:DressyQuinceanera.com: Beautiful Quinceanera Dama Dresses At Low Prices 2Health News:Argentina vs. Germany World Cup Finals Tickets & Brazil vs. Netherlands 3rd Place World Cup Tickets Are in Huge Demand 2
... Survivors , Breast cancer survivors, particularly older ... non-cancer causes than from breast cancer. , ... longer, and many are dying of causes unrelated ... with the National Cancer Institute of Canada Clinical ...
... responsive to treatment than those with HPV-negative tumors , , ... cancer patients whose tumors test positive for human papillomavirus ... treatment than those who test negative, a new study ... to be responsible for most cervical cancers, has recently ...
... Commitment to Healthy Eating, Active Living and Safety ... ... the fourth,quarter of 2007, Kaiser Permanente approved 778 community benefit grants,totaling ... improve the health of the communities that it,serves. Funds were pledged ...
... Memorial,HealthCare, corporate parent of Northwestern Memorial Hospital, appointed,at ... to the Northwestern,Memorial Foundation,s Boards of Directors., ... as president of the Friends of Prentice,board of ... Hospital,s,Campaign Steering Committee. Gordon is chairman of Boyden ...
... and 100 mcg/hr) Not Affected, RARITAN, N.J., ... said today that all lots of 25,microgram/hour (mcg/hr) ... in the United States and all 25 mcg/hr ... States are being voluntarily,recalled as a precaution from ...
... Help Pediatric Group Improve Claims Processing, ... Appointment Scheduling and Patient Statements, ... completed an agreement with Huntsville Pediatric Associates,to provide ... helps improve appointment scheduling, medical,billing, electronic claims submission, ...
Cached Medicine News:Health News:Other highlights in the Feb. 12 JNCI 2Health News:Other highlights in the Feb. 12 JNCI 3Health News:Other highlights in the Feb. 12 JNCI 4Health News:Kaiser Permanente Approves $29 Million in Community Benefit Grants 2Health News:Kaiser Permanente Approves $29 Million in Community Benefit Grants 3Health News:Northwestern Memorial HealthCare and Northwestern Memorial Foundation Elect New Members to Board of Directors 2Health News:PriCara(TM) Recalls 25 mcg/hr DURAGESIC(R) (fentanyl transdermal system) CII Pain Patches 2Health News:Huntsville Pediatric Associates Selects DST Health Solutions' Practice Management Solution for Billing, Accounts Receivable 2
(Date:7/11/2014)... , July 11, 2014 ... Market by Composition of Material, Application (Healthcare, Homeland ... End Product (Personal Instrument, Hand-Held Instruments, Fixed, and ... Analysis to 2013 - 2020", published by MarketsandMarkets, the Scintillator ... of 5.62% from 2014 to 2020, and reach ...
(Date:7/11/2014)... , July 11, 2014  Australian drug delivery company, ... it has raised A$19.3 million via a placement of ... , the U.S., Asia ... from a share purchase plan (SPP) to be offered ... be made in two tranches. "This capital ...
(Date:7/11/2014)... DUBLIN , July 11, 2014 ... the addition of the "Immunoprotein Diagnostic Testing ... at the highest CAGR of 6% and is ... report to their offering. ... for immunoprotein diagnostic testing has been segmented according ...
Breaking Medicine Technology:Scintillator Market will be worth $479.16 Million by 2020 2Scintillator Market will be worth $479.16 Million by 2020 3Scintillator Market will be worth $479.16 Million by 2020 4Phosphagenics' A$19.3 million Capital Raising 2Phosphagenics' A$19.3 million Capital Raising 3Immunoprotein Diagnostic Testing Market - Forecasts to 2019: Expected to grow at the highest CAGR of 6% and is expected to be valued at USD 4,943.0 million 2
... Bird and Cronin, ... manufacturer of Patient Footwear, ... Patient Care Products. Our ... highest quality and available ...
FREEDOM® Memory Thumb Spica lets you make a custom splint in minutes. Immerese in 160 F water until pliable, and remove. Amazingly, it maintains its shape and is ready to be precisely, profession...
Qualcare™ Thumb Spica...
... of the thumb, known as deQuervain's tenosynovitis, ... ThumSaver CMC Long provides wrist and thumb ... is positioned for pinch without straining to ... a sleeve. Also ideal following cast removal ...
Medicine Products: