Emageon terminates merger with HSS, receives escrow funds
Image Source: Emageon |
The Birmingham, Ala.-based Emageon said it has received $9 million that had been placed in escrow with the Bank of New York Mellon by HSS in connection with the parties' merger agreement.
The escrowed funds became payable to Emageon when the merger was not consummated before the close of business on Feb. 11, according to the company.
Emageon said it will continue to evaluate its options in response to these developments.