Vital Images to raise $88 million

AuntMinnie.com staff writers
Nov 16, 2006

Advanced visualization firm Vital Images plans to issue 3 million shares of newly issued common stock at $31 per share.

The Minnetonka, MN-based company plans to use the approximately $87.5 million in net proceeds for general corporate purposes, including expanding its sales and marketing, customer service, and training efforts internationally, and investing in product development resources.

Vital Images also intends to use the net proceeds for the acquisition of or investment in businesses, products, and technologies, as well as other growth opportunities.

By AuntMinnie.com staff writers
November 17, 2006

Related Reading

Road to RSNA, Vital Images, November 8, 2006

Emageon, Vital Images ink deal, October 31, 2006

Vital Images, Toshiba launch SurePlaque, October 24, 2006

Vital Images adds to product line, October 16, 2006

Emageon renews NJHA contract, September 28, 2006

Copyright © 2006 AuntMinnie.com

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