Investments

Schwartz leaves Merge board; will launch healthcare technology investment fund

Bank Of America Investment By WTN News • 08/26/05 West Allis, Wis. -- Merge Technologies Inc. today announced that Abe Schwartz, former CEO of Cedara Software Corp., has stepped down from the company's board of directors in order to launch a new healthcare technology investment fund. The company does business as Merge Healthcare.

Schwartz will continue providing business development assistance to the company beyond his previously disclosed departure date of Sept. 1.

"While the decision to launch a new HCT fund requires me to resign from the board of directors, I plan to continue assisting the company in various new business development activities. It has been a pleasure working with the entire Merge Healthcare team over the last year, and leading the talented Cedara Software Corp. team through several years of growth and financial success. I remain committed to helping the company in any way I can."

The company also announced that Ram Ramkumar has been appointed to the board of directors to fill the seat vacated by Schwartz. Ramkumar served on the Cedara Software Corp. board of directors for five years including serving as chair of the audit committee.

Merge Healthcare makes medical imaging and information management software and services for both OEM and the end-user healthcare markets.

By WTN News • 05 West Allis, Wis. - Merge Technologies Inc. today announced that Abe Schwartz, former CEO of Cedara Software Corp., has stepped down from the company's board of directors in order to launch a new healthcare technology investment fund. The company does business as Merge Healthcare.

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