Virtual Radiologic, outsourced radiology company, seeks $75M IPO
Virtual Radiologic, a Minnetonka, Minn., provider of outsourced radiology services, hopes to raise $75 million in an initial offering. The company calls itself the second-largest provider of such “teleradiology” services, in which a dispersed network of radiology specialists read and interpret X-rays, MRIs and other medical images, in the U.S.
Virtual Radiologic says it considers its major competitor to be NightHawk Radiology Holdings of Coeur d’Alene, Idaho, which completed an initial offering last year. I also recently covered a smaller teleradiology company that recently raised venture funding, Franklin & Seidelmann.
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About the Author, David P. Hamilton
David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.
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