Merge Healthcare (NASDAQ:MRGE) Set to Acquire Amicas for $248 Million

Merge Healthcare Inc. (NASDAQ:MRGE) is set to acquire Amicas (NASDAQ:AMCS) for $6.05 per share--the stock closed up 0.5% to $6.00 Monday--in cash aggregating $248 million.

Merge's bid is well ahead of Thoma Bravo LLC's bid of $5.35 per share in cash.

The acquisition is expected to be completed in the second quarter of 2010.

Through the AMICAS acquisition, Merge will acquire one of its main competitors and widen its customer base, and adding to the company's top-line.