Thoma Bravo acquires Amicas for $217 million

AP News
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Posted: Dec 28, 2009 9:07 AM

Amicas Inc., which provides health care information technology services, said Monday it agreed to be acquired by private equity firm Thoma Bravo LLC 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.

That represents a 21 percent premium to the stock's Thursday closing price of $4.42 ahead of the holiday weekend. The stock rose $1.23, or 27.8 percent, to $5.65 during premarket trading Monday. Shares have ranged from $1.47 to $4.84 over the past year.

The deal is expected to close in the first quarter of 2010.

Amicas can solicit alternative proposals from third parties for 45 days beginning Dec. 24.