MC Informatics, HealthDesk to Join

HealthDesk Corp. in Berkeley said its shareholders approved a combination with privately held MC Informatics Inc. in a stock deal.

Under the proposed reverse merger, MC Informatics, a Fountain Valley provider of health care staffing and consulting services, will control the combined entity. MC Chief Executive Bill Childs will head the combined company, which will remain in Fountain Valley.

HealthDesk will issue 5.6 million shares of stock to MC shareholders. Based on the price of HealthDesk’s shares, which closed Tuesday at $2.06, up 6 cents on the Nasdaq Market, the stock would be valued at $11.5 million.

The proposed merger gives MC Informatics “access to the capital markets that we need in order to fuel our continued growth,” Childs said in a statement.