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May 5, 2008 -
MINNEAPOLIS, Minn., - Virtual Radiologic Corp., a
leading national provider of teleradiology services,
announced today that the Minneapolis/St. Paul
Business Journal has ranked it as the
second-fastest-growing small public company in
Minnesota. Companies included in the publication's
"Fastest-growing Small Public Companies" list were
ranked according to average annual revenue growth from
2004 through 2007.
Virtual
Radiologic increased its annual revenue from $12.9
million in 2004 to $86.2 million in 2007. In November
2007, Virtual Radiologic completed its initial public
offering, which was heavily oversubscribed and raised
$59 million in net proceeds. For its first quarter ended
March 31, 2008, Virtual Radiologic reported a 29 percent
year-over-year increase in revenue to $23.3 million.
In March,
the Minneapolis/St. Paul Business Journal ranked
Virtual Radiologic as the 78th-largest public company in
Minnesota by revenue. In April, Virtual Radiologic made
the Star Tribune's 17th annual "StarTribune 100," a
listing of the largest publicly held Minnesota companies
ranked by revenue.
About
Virtual Radiologic
Virtual Radiologic Corporation (www.virtualrad.com)
provides teleradiology solutions to radiology practices
and medical centers throughout the United States.
Utilizing market-leading, proprietary workflow
technology, Virtual Radiologic physicians perform
preliminary and final read interpretations for emergent
and non-emergent needs - day or night, 365 days a year.
Virtual Radiologic's American Board of
Radiology-certified radiologists are collectively
licensed in all 50 states. Virtual Radiologic is Joint
Commission-certified and serves hundreds of clients
supporting more than 830 medical facilities.
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