Comments on: Virtual Radiologic Corp. sold for $294M, will go private http://medcitynews.com/2010/05/virtual-radiologic-corp-sold-for-294m-will-go-private/ Unique business news on biotech companies, new innovative medical devices Sat, 18 May 2013 12:37:46 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Brandon Glenn http://medcitynews.com/2010/05/virtual-radiologic-corp-sold-for-294m-will-go-private/comment-page-1/#comment-74896 Brandon Glenn Mon, 17 May 2010 18:29:57 +0000 http://www.medcitynews.com/?p=28665#comment-74896 Frank,
Thanks very much for the comment. I agree with you that a local company being acquired isn’t a universally bad thing. However, one could argue that losing public companies ultimately hurts a region’s visibility. To take this to the extreme, would Minnesota have such a high-profile device community if it had two public companies instead of 10, for example? Of course, job loss is always a concern regarding acquisitions, though again that doesn’t appear to be much of an issue in this particular case.

]]> By: Frank Jaskulke http://medcitynews.com/2010/05/virtual-radiologic-corp-sold-for-294m-will-go-private/comment-page-1/#comment-74892 Frank Jaskulke Mon, 17 May 2010 18:04:51 +0000 http://www.medcitynews.com/?p=28665#comment-74892 Brandon,

I don’t agree with the line of reasoning that Minnesota based public medtech companies being acquired is a bad thing becuase we have fewer public companies. These exits will put wealth into the hands of entreprenuers, which they are likely to invest in other companies or start their own next venture.

That process of new company formation and exit has created hundreds of small and large medical device companies in Minnesota, and to a lesser extent the biotech and pharma community that is in Minnesota and the emerging green chemistry community.

I would argue that the increase in M&A activity is good for the community – more capital will be available to start the next round of companies.

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