Amicas, Inc. (NASDAQ:AMCS) is currently under investigation by the Shuman Law Firm regarding potential breaches of fiduciary duty and state law. The law firm began its investigation on behalf of Amicas’ shareholders. The investigation is concerned with the proposed acquisition by Thoma Bravo, LLC, an Amicas affiliate.
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According to the proposed agreement, Amicas shareholders are to receive $5.35 for each Amicas common stock share they own. Shuman is concerned that the company’s Board of Directors failed to maximize the shareholder value by entering into the proposed acquisition at an inadequate premium. Amicas is accused proposing an acquisition that inequitably favors and provides millions of dollars of benefits to the company’s insiders and not to its common shareholders.
AMICAS, Inc. (AMICAS) provides a range of radiology and medical image and information management solutions. The AMICAS One Suite solutions provide an end-to-end information technology (IT) solution for imaging centers, ambulatory care facilities, radiology practices and billing services. Hospital customers are provided picture archiving and communication system, featuring enterprise workflow support and a scalable design that can integrate with any hospital information system (HIS), radiology information system, or electronic medical record. Complementing the One Suite product family is AMICAS professional services, a set of client-centered professional and consulting services that assist its customers with a transition to a digital enterprise. The Company also provides its customers with ongoing software and hardware support, implementation, training, and electronic data interchange services for patient billing and claims processing. In April 2009, AMICAS acquired Emageon Inc.
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