Teleradiology services provider Virtual Radiologic has purchased fellow teleradiology services firm Diagna Radiology of Post Falls, ID.
The Minneapolis-based firm acquired Diagna for $6 million in up-front cash and an additional $2.2 million in potential earn-out payments over two years. Virtual Radiologic said it expects the acquisition to contribute between $3 million and $3.5 million in annual revenue during 2008, and between $4 million and $4.5 million in 2009.
The deal is also expected to be neutral to earnings per share in 2008 and between 3¢ and 5¢ accretive per share in 2009.
Related Reading
Virtual Radiologic hires sales VP, February 12, 2008
Virtual Radiologic goes public, November 15, 2007
Road to RSNA, Teleradiology Services, Virtual Radiologic, November 9, 2007
Road to RSNA, Teleradiology Services, Virtual Radiologic, November 14, 2006
Virtual Radiologic files IPO, August 11, 2006
Copyright © 2008 AuntMinnie.com
