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Teleradiology Market Evolves: Virtual Radiologic announces its acquisition for $294 million
(DIAGNOSTIC IMAGING) --
Virtual Radiologic, one of the nation’s two publicly traded teleradiology companies, has agreed to be acquired by Providence Equity Partners, a private equity firm, for $17.25 per share in cash, the companies announced Tuesday.
The offer price represents a premium of 41.7% over the $12.18 30-day average closing stock price as of May 14, 2010, and a premium of 54.9% over the three-month average closing stock price of $11.13. Based on the per share consideration, the transaction is valued at approximately $294 million.
This article was republished with permission from CMPMedica, LLC
Virtual Radiologic, one of the nation’s two publicly traded teleradiology companies, has agreed to be acquired by Providence Equity Partners, a private equity firm, for $17.25 per share in cash, the companies announced Tuesday.
The offer price represents a premium of 41.7% over the $12.18 30-day average closing stock price as of May 14, 2010, and a premium of 54.9% over the three-month average closing stock price of $11.13. Based on the per share consideration, the transaction is valued at approximately $294 million.
This article was republished with permission from CMPMedica, LLC
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