On Thursday, Shares of Merge Healthcare Incorporated (NASDAQ:MRGE), surged 31.24% to $7.10, hitting its highest level.
IBM (NYSE: IBM) declared that Watson will gain the ability to “see” by bringing together Watson’s advanced image analytics and cognitive capabilities with data and images obtained from Merge Healthcare Incorporated’s (MRGE) medical imaging administration platform. IBM plans to acquire Merge, a leading provider of medical image handling and processing, interoperability and clinical systems designed to advance healthcare quality and efficiency, in an effort to unlock the value of medical images to assist physicians make better patient care decisions.
Merge’s technology platforms are used at more than 7,500 U.S. healthcare sites, in addition to most of the world’s leading clinical research institutes and pharmaceutical firms to manage a growing body of medical images. The vision is that these organizations could use the Watson Health Cloud to surface new insights from a merged, patient-centric view of current and historical images, electronic health records, data from wearable devices and other related medical data, in a HIPAA-enabled environment.
Under terms of the transaction, Merge shareholders would receive $7.13 per share in cash, for a total transaction value of $1 billion. The closing of the transaction is subject to regulatory review, Merge shareholder approval, and other customary closing conditions, and is anticipated to occur later this year. It is IBM’s third major health-related acquisition – and the largest – since launching its Watson Health unit in April, following Phytel (population health) and Explorys (cloud based healthcare intelligence).
Merge Healthcare Incorporated develops software solutions that facilitate the sharing of images to create an electronic healthcare experience for patients and physicians worldwide. It operates in two segments, Merge Healthcare and Merge DNA.
Shares of Visa Inc. (NYSE:V), declined -1.87% to $73.58, during its last trading session.
Visa declared the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa declared mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India).
Visa’s new 100,000 square feet technology center is part of the Bagamne World Technology Center, a 70-acre campus in the heart of India’s IT corridor. The center is a combination of office and partnershipspaces that will be the home for 1,000 Visa developers. This team is tasked with making it easy for application developers to access Visa’s 400 payment products and services in order to build their own payment experiences that can work across a broad range of connected devices. This center is one of several facilities planned by Visa in the U.S. and Asia, and is part of a global strategy to transform Visa’s global processing network into an open commerce platform.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
Finally, PG&E Corporation (NYSE:PCG), ended its last trade with 0.64% gain, and closed at $52.16.
PG&E Corporation declared the appointments of Bernard Cowens as vice president and Chief Information Security Officer and Kathleen Kay as vice president, Business Technology.
Cowens and Kay, who were both elected by the Board of Directors as officers of the utility, will report to Senior Vice President and Chief Information Officer Karen Austin.
Cowens joins PG&E, effective Aug. 24, from his role as Chief Information Security Officer at First American Financial Corporation. Cowens has extensive experience in information technology and cyber and physical security and formerly held senior and executive-level roles in the private sector and the military.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.
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