Two Teleradiology Companies Become One as Virtual Radiologic Acquires to acquire NightHawk

Just a few months ago Nighthawk went through some major upgrades at their headquarters. If you are not familiar with teleradiology those are the folks that read images 24/7 and this can happen when you are at a rural hospital or any location to where a radiologist interpretation is needed. Many hospitals use both services both during and after normal working hours to there’s always someone there to read the image.

Nighthawk Tele-Radiology Services Gets a Major Upgrade with Cisco And Virtualization

The company also offers “cloud” PACS services so onsite servers are not required and they offer a back up service to store all PACS images in addition to the teleradiology services. BD

EDEN PRAIRIE, MN – Virtual Radiologic (vRad), a national radiology practice and developer of radiologist workflow technology, will acquire competitor NightHawk Radiology in a $170 million deal.

Scottsdale, Ariz.-based NightHawk Radiology (NASDAQ: NHWK), provides radiology solutions to radiology groups across the country. vRad will acquire all of the outstanding common stock of NightHawk Radiology Holdings, Inc. for $6.50 per share in cash, which is double NighHawk's closing stock price of $3.25 per share.