Providence Equity Partners


Virtual Radiologic’s $294M sale to private equity firm closes

Providence Equity Partners has completed its $294 million purchase of radiology outsourcing firm Virtual Radiologic Corp. (NASDAQ: VRAD). The agreement to take Virtual Radiologic private was first announced in May. With shareholder approval of the transaction, Virtual Radiologic will cease trading on the Nasdaq and be delisted, according to a statement. The $17.25 per-share deal […]


Weak capital markets claim another victim: Virtual Radiologic Corp.

There was every reason to expect Virtual Radiologic Corp. (NASDAQ: VRAD) to become Minnesota’s next medical technology star. The company, based in Eden Prairie, was one of the last local firms to go public, raising $68 million from its initial public offering in November 2007. Virtual was one of only two national players to dominate […]


Virtual Radiologic Corp. sold for $294M, will go private

Minnesota’s public medical companies not named Medtronic Inc. are continuing their disappearing act, with Virtual Radiologic Corp. (NASDAQ: VRAD) heading private after a $294 million acquisition closes. The radiology outsourcing firm, which went public in a $68 million IPO three years ago, has agreed to be purchased by Rhode Island-based private equity firm Providence Equity […]