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Teleradiology Market Evolves: Virtual Radiologic announces its acquisition for $294 million

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.

See full article and related articles at DiagnosticImaging.com

This article was republished with permission from CMPMedica, LLC

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