R.I. equity player pays $294 million, takes Virtual Radiologic private

May 21, 2010 by Anonymous

Providence Equity Partners is paying $294 million to take Virtual Radiologic Corp. private, three years after an initial public offering.

MedCity News logo

Virtual Radiologic Corp. (NSDQ:VRAD) is heading private in a $294 million acquisition, three years after its $68 million IPO.

Rhode Island-based private equity firm Providence Equity Partners agreed to buy out the radiology outsourcing firm, according to a press release (PDF).

Get the complete picture with a MassDevice Plus membership. Registered users can login here.