Cedara Software Acquires eMed

Cedara Software Corp. ( Mississauga, ON, Canada) has signeda definitive agreement pursuant to which it will acquire allof the issued and outstanding shares of eMed Technologies Corporation( Burlington, MA), a privately-held provider of Picture Archivingand Communications Systems (PACS) and Web-based medical imagingradiology solutions.

Cedara will pay a cash consideration of $48 million for the acquisition. eMed will become a wholly owned subsidiary of Cedara. The acquisition is expected to close by next month, upon obtaining the consent of eMed's shareholders and the satisfaction of other customary closing conditions. Cedara intends to pay for eMed through a combination of its own cash reserves and through bank financing.

The combined company will have approximately 350 employees in the US and Canada. In addition, eMed’s Mark Smith will stay on as CEO.

Software Corporation
eMed Technologies Corporation

www.cedara.com
www.emed.com

?Compiled by Hank Russell

Hank Russell is Managing Editor of Advanced Imaging Magazine and the International EB2B Newsletter. All materials and inquiries regarding the newsletter and website, as well as product releases, can be sent to Hank.russell@advancedimagingmag.com .