Emageon pushes Health Systems Solutions to complete merger

By Lisa Kerner

Charlotte, N.C., Dec. 22 - Emageon Inc. formally demanded that Health Systems Solutions, Inc. close its previously announced merger with Emageon by Tuesday.

According to Emageon, instead of setting a closing date, Health Systems requested additional due diligence and is stalling the deal for an unknown reason.

"There is no due diligence condition in the merger agreement and the time for due diligence ended when the parties signed the merger agreement," Emageon chief executive officer Chuck Jett said in a company news release.

"Health Systems has also asserted purported breaches of our representations, warranties and covenants under the merger agreement, which we categorically deny and reject as immaterial," Jett added.

In October, Health Systems agreed acquire Emageon for $2.85 per share in an all-cash transaction valued at about $62 million.

Emageon said its shareholders approved the transaction on Dec. 18.

Health Systems is based in New York and develops technologies and services for the health-care industry.

Birmingham, Ala.-based Emageon provides information technology systems for hospitals, health-care networks and imaging facilities.

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