Merge Healthcare announced Tuesday strong financial results for the third quarter of 2010. Revenue for the company grew to $45.2 million in Q3, compared to $16.9 million in the same period last year.
"I am very proud of our third quarter performance," said Chairman Michael W. Ferro, Jr. "As a leader in the health IT space, Merge is well positioned to take advantage of a great market opportunity being presented by the transformative electronic health record and interoperability adoption currently under way."
Merge also announced Tuesday that its board of directors has named Jeffery A. Surges to serve as CEO. Surges was most recently the president of sales at Allscripts, a Merge partner. He has 20 years of experience managing high-growth technology companies in the healthcare and IT industries, including his role as president and CEO of Extended Care Information Network before that firm’s 2007 sale to Allscripts.
"I am extremely pleased to be joining the Merge team," said Surges. "These are unprecedented times in healthcare IT. The adoption of electronic health records is creating a new wave of growth in interoperability, connectivity, and electronic commerce in healthcare. As a member of the Merge board since June of 2010, I have been fortunate to see the foundation Merge has put in place to capitalize on these trends and realize our organic growth goals."
The firm also announced that Justin Dearborn will assume the newly created role of president and will focus on growing Merge’s international business.
