Kirkland & Ellis LLP advised Michael Ferro, Merge Healthcare Inc.’s (NASDAQ: MRGE) chairman and largest stockholder, on Merge’s $1 billion acquirement by IBM (NYSE: IBM). Merge is a Chicago-based provider of medical image handling and processing, interoperability and clinical systems designed to advance healthcare quality and efficiency. Under terms of the transaction, Merge shareholders would receive $7.13 per share in cash, for a total transaction value of $1 billion. The full release is available here.
The Kirkland team was led by corporate partners Sandy Perl and Jerry Nowak.