Teleradiology Firm ... Virtual Radiologic goes Private for $294 Million

Colleagues,

Congratulations to MedTech-IQ members from teleradiology firm Virtual Radiologic (VRAD.O), which has agreed to be taken private by
Providence Equity Partners for $294 million in cash ...

... Maybe this is a trend?

... Virtual is the second U.S. healthcare company that agreed
to go private this month.

Earlier this month, pharmaceutical services provider InVentiv Health Inc (VTIV.O)
agreed to be bought by private-equity firm Thomas H. Lee Partners [THL.UL] for about
$1.1 billion...

...The offer price of $17.25 per share represents a premium of 33 percent over Virtual's Friday close. ... Virtual's Chief Medical Officer and Co-Founder, Eduard Michel, owns 6% of company shares. Investor, Generation Partners, own 25% of the shares... Goldman, Sachs & Co has served as the financial advisor to Virtual Radiologic on the deal, which is expected to be
completed in the third quarter of 2010,

Read on at: http://www.reuters.com/article/idCNSGE64G0JM20100517?rpc=44

ENJOY!