Merge Healthcare expects $27 million in direct offering

West Allis-based Merge Healthcare expects to raise more than $27 million in direct stock offerings with selected institutional investors. The transaction is expected to close Wednesday, and consists of the sale of almost 9.1 million shares of Merge’s common stock at $3 per share.

The company intends to use the funds raised from the offering to repay senior debt and for working capital. Chicago’s William Blair & Co. acted as lead placement agent, while Craig-Hallum Capital Group and Robert W. Baird & Co. served as co-placement agents.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display