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.