Amicas Agrees to be Acquired by Private Equity Firm for $217 Million

Amicas Agrees to be Acquired by Private Equity Firm for $217 Million

Amicas Inc. has confirmed the it has given the nod to be acquired by a private equity firm Thoma Bravo LLC in a $217 Million deal, as the sector continues to see a surged in buyout and takeovers.

As far as the acquisition front goes, the private equity industry has been relatively low key about it, but the deal activity has seen a rapid rise in recent weeks, as stocks have managed to move higher and with the easing of credit markets.

On Monday, Amicas Chairman and Chief Executive Stephen Kahane shared that with the acquisition, the manufacturer of radiology, medical-imaging and information-management products will be provided with "additional capital and operational expertise" that will help it expand and grow.

Under the terms of the deal, Thoma Bravo will be paying Amicas $5.35 per share, which is 21% above the closing price recorded on Thursday. The deal is, however, still subject to the approval of shareholders.

If everything goes as planned, the deal will come to a closure by the coming year's first quarter.

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