GE Healthcare will acquire IDX Systems, which employs 489 people in Seattle, for $1.2 billion, the companies announced yesterday.

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GE Healthcare will acquire IDX Systems, which employs 489 people in Seattle, for $1.2 billion, the companies announced yesterday.

IDX’s Carecast operating unit, which develops software to manage and support electronic medical records and other health-care functions, is centered in Seattle, where the company has had a presence since acquiring Phamis in 1997 for about $150 million.

GE Healthcare spokeswoman Andrea Kozek said the company views IDX employees as “a valuable asset, and we’re planning on everything operating as is.”

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The merger must be approved by IDX shareholders and regulators. The companies said they expect to close the deal early next year.

IDX, headquartered in Burlington, Vt., has about 2,400 full-time employees. Its Seattle operation is one of the largest tenants of the IDX Tower, a 3-year-old downtown building, which the company was allowed to name because of the size and term of its lease.

Metropolitan Mortgage

Former executive pleads not guilty

Thomas G. Turner, formerly the second-highest official of the collapsed Metropolitan Mortgage complex of companies, pleaded not guilty yesterday to seven counts of misleading the Spokane-based company’s outside auditors.

Turner, 55, was released on his own recognizance but had to surrender his passport and can only travel to Nevada, where he now lives, Washington, Oregon and parts of California.

His trial was set for Dec. 5. Each charge carries a maximum penalty of 20 years in prison and a $5 million fine.

Eden Bioscience

Shift sought in stock listing

Eden Bioscience said yesterday it has applied to move its shares to the Nasdaq Capital Market because its stock is trading below the $1 minimum required by the Nasdaq National Market.

The Bothell company, which makes protein-based products for agriculture, was warned April 5 its stock would be delisted in six months if it did not comply with the bid floor. It had traded below 85 cents since Feb. 18.

By shifting to the Capital Market, formerly the Nasdaq SmallCap Market, Eden expects to win another six months to try to boost its shares.

Its stock would have to close above $1 a share for 10 straight trading days to return to compliance. The company couldn’t return to the National Market until its stock hit $5 for 90 consecutive trading days. Shares closed yesterday at 81 cents.

Micron Technology

Surprise profit n fourth quarter

Micron Technology reported an unexpected fourth-quarter profit yesterday as the Boise, Idaho-based maker of computer memory chips sold more flash memory and products for digital cameras.

Profit fell to $43.1 million, or 7 cents a share, from $93.5 million, or 14 cents, a year earlier. Sales rose 5.8 percent to $1.26 billion.

Compiled from Seattle Times staff and Bloomberg News