Chicago-based medical imaging software vendor Merge Healthcare will enter the ophthalmology imaging arena after signing a definitive agreement to acquire Ophthalmic Imaging Systems of Sacramento, Calif.

Under the acquisition terms, Merge will pay $1 per share for OIS stock, or about $30.3 million. The stock trades on the Over-the-Counter Bulletin Board and closed June 3 at 85 cents per share.

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