Poised for acquisitions? Merge increases credit to $35 million
Merge Healthcare last week announced that it bumped up its buying power to $35 million through an unsecured line of credit agreement with Merchants and Manufacturers BanCorp (MMBC), a Milwaukee-based firm. The company had previously held a $15 million line of credit which had not been used, which means they have their eyes on something bigger than they expected. Merge already has $40 million dollars in available funds.
For a little perspective, in the past three years Merge Healthcare has completed five acquisitions.