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VRC buys Nighthawk for $170 Million+
(DIAGNOSTIC IMAGING) -- Virtual Radiologic buys out NightHawk, says it’s an ideal match
Virtual Radiologic announced Sept. 27 it will acquire NightHawk, a publicly traded national teleradiology practice, making Virtual Radiologic the largest radiology practice in the country. However, radiologists aren’t too worried about the deal because Virtual Radiologic still has to compete with thousands of other practices.
Virtual Radiologic will acquire all of the outstanding common stock of NightHawk for $6.50 per share in cash, which is double NightHawk’s closing stock price of $3.25 per share on Sept. 24. The transaction is valued at approximately $170 million.
This article was republished with permission from CMPMedica, LLC
Virtual Radiologic announced Sept. 27 it will acquire NightHawk, a publicly traded national teleradiology practice, making Virtual Radiologic the largest radiology practice in the country. However, radiologists aren’t too worried about the deal because Virtual Radiologic still has to compete with thousands of other practices.
Virtual Radiologic will acquire all of the outstanding common stock of NightHawk for $6.50 per share in cash, which is double NightHawk’s closing stock price of $3.25 per share on Sept. 24. The transaction is valued at approximately $170 million.
This article was republished with permission from CMPMedica, LLC
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