Thoma Bravo LLC announced Monday that the private equity firm would acquire Amicas Inc. (NASDAQ: AMCS) in a deal worth about $217 million in cash.
Under terms of the agreement, Amicas shareholders will receive $5.35 in cash for each share or stock option they hold.
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The deal is at a 21 percent premium to the stock's Thursday closing price of $4.42. The stock rose 90 cents, or 20.4 percent, to $5.32 during morning trading Monday, hitting a 52-week high of $5.49. Shares have ranged from $1.47 to $5.49 over the past year.
The deal is expected to close in the first quarter of 2010.
Amicas, which provides health care information technology services, can solicit alternative proposals from third parties for 45 days beginning Dec. 24.
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