IBM’s $1 Billion Acquisition of Merge Healthcare for its Watson Unit
August 07, 2015
On August 6, 2015, IBM announced that it plans to acquire Merge Healthcare Incorporated, a leading provider of medical image handling and processing, interoperability and clinical systems designed to advance healthcare quality and efficiency. The transaction would bring together Watson’s advanced image analytics and cognitive capabilities with data and images obtained from Merge Healthcare’s medical imaging management platform. Cravath represented IBM in connection with this transaction. Under terms of the transaction, Merge Healthcare shareholders would receive $7.13 per share in cash, for a total transaction value of $1 billion.
The Cravath team was led by partner George F. Schoen and included associates Michael L. Arnold and Tamara S. Smallman on M&A matters; partner J. Leonard Teti II and associate Sara L. Lykken on tax matters; partner Eric W. Hilfers and associates Audry X. Casusol and Daniel P. Herrmann on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Summer associate Emily K. White also worked on M&A matters.
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J.D., 1998, University of Chicago Law Schoolwith Honors
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B.A., 1994, Cornell University
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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