Health Systems Solutions, Emageon extend merger closing date

By Lisa Kerner

Charlotte, N.C., Dec. 30 - Health Systems Solutions, Inc. and Emageon Inc. agreed to extend the closing date of their pending merger to Feb. 11.

According to Emageon, Health Systems and Stanford International Bank Ltd. are committed to completing the transaction.

The merger had been stalled by Stanford's refusal to provide funding to close the transaction, it was previously reported.

"We are pleased that, with the cooperation of Emageon, we were able to come up with a timetable for the completion of the merger and we are confident that the combined enterprise will offer great opportunities for our shareholders, employees, and customers," Health Systems chief executive officer and chairman Stan Vashovsky said in a company news release.

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

Health Systems, based in New York, 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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