MEDNAX to acquire radiology, telemedicine company vRad for $500M

National medical group MEDNAX has signed a definitive agreement to acquire Virtual Radiologic Corporation for $500 million.

Advertisement

vRad offers radiology physician and telemedicine services. The company generates approximately $185 million in annual revenue through a network for more than 350 radiologists. The company also provides services to more than 2,100 healthcare facilities.  

The transaction is expected to close in the second quarter of this year.

More articles on health IT:
Health IT is giving birth to a new generation of billionaires
Allscripts stock leaps 5.7%: 3 things to know
78M consumers worldwide to use home health technologies by 2020

Advertisement

Next Up in Health IT

Advertisement

Comments are closed.