Merge Healthcare, a leading provider of enterprise imaging and interoperability solutions, today announced its financial results for the second quarter of 2011.
Revenue grew to $55.6 million ($57.0 million on a pro forma basis) in the quarter, compared to $29 million ($41.5 million on a pro forma basis) in the second quarter of 2010 – an increase of 92%.
Adjusted EBITDA was $17.1 million, representing 30% of revenue in the quarter compared to $6.7 million and 23% in the second quarter of 2010 – an increase of 155%.
Executed 12 new iConnect agreements extending Merge Healthcare’s leadership position in image interoperability market. Announced over 30 signed contracts for the Merge Meaningful Use platform within its Orthopaedics and Radiology client base.