Seeking Alpha

Merge Healthcare chairman resigns, shares rise

  • Shares of Merge Healthcare (MRGE) rise 5.4% premarket.
  • Chairman Michael Ferro, Jr. has resigned.
  • MRGE says Dennis Brown is the new chairman, effective immediately.
  • Ferro believes the company's "market position and long-term prospects" are not reflected in the current stock price despite MRGE's "very disappointing" Q2 results.
  • Ferro also says that while he has no immediate plans, he intends to pursue "ways to increase shareholder value, including, possibly, a going-private transaction." (PR)
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