Avreo calls off Image Medical merger

Despite announcing at the RSNA meeting that the deal was all but done, Avreo has opted not to acquire Image Medical and merge its PracticeBuilder image management product into Avreo's ARIIS radiology information workflow platform. Avreo (formerly Riptide Technologies) had planned to issue 3.9 million shares of common stock to purchase Image Medical as part of the company's vision of providing end-to-end radiology services. Avreo is now looking at other streaming and compression technologies that should give its customers the same benefits the company had expected to offer via PracticeBuilder.