Virtual Radiologic Corporation (formerly NASDAQ: VRAD) was an early pioneer in the telemedicine sector and grew to become the nation’s leading teleradiology services provider. JCAHO accredited, vRad is dedicated to providing radiology practices, hospitals, and imaging facilities with quality services that maximize the benefits of technology to support optimum patient care. Generation led a growth equity investment in 2005 and became the company’s first institutional investor. During Generation’s ownership Virtual Radiologic grew 10-fold and lowered costs to the healthcare system while improving quality metrics with scale through increased utilization of sub-specialists. vRad completed its IPO and was acquired by MedNax Health Solutions in 2015.
Location: United States, Minnesota, Minneapolis
Investors 1
| Date | Name | Website |
| - | Generation... | generation... |
Mentions in press and media 12
| Date | Title | Description |
| 02.06.2010 | ev3 latest Minnesotan medical technology company to cash out | Promoted Covid-19’s terrible toll on diabetes patients. What can be done? The public health crisis has undermined the economy and made people with chronic conditions more vulnerable and stressed. Learn more with a new report from Omada Heal... |
| 02.06.2010 | Low valuations favor strategic buyers | By Thomas Lee Given Wall Street’s turmoil of late, it’s not too surprising that buyers would search for bargains, especially struggling medical device companies with promising technology and awful balance sheets. Case in point: Medtronic In... |
| 21.05.2010 | R.I. equity player pays $294 million, takes Virtual Radiologic private | Virtual Radiologic Corp. (NSDQ:VRAD) is heading private in a $294 million acquisition, three years after its $68 million IPO. Rhode Island-based private equity firm Providence Equity Partners agreed to buy out the radiology outsourcing firm... |
| 17.05.2010 | Virtual Radiologic Corp. sold for $294M, will go private | Virtual Radiologic co-founder and Chief Medical Officer Dr. Eduard Michel, who owns 6 percent of the company’s outstanding common shares, and private equity firm Generation Partners, which owns 25.3 percent, will vote in favor of the deal, ... |
| 17.05.2010 | Weak capital markets claim another victim: Virtual Radiologic Corp. | Promoted Covid-19’s terrible toll on diabetes patients. What can be done? The public health crisis has undermined the economy and made people with chronic conditions more vulnerable and stressed. Learn more with a new report from Omada Heal... |
| 05.05.2010 | Minnesota’s medical device cluster consolidates | By Thomas Lee Ernie Andberg has a little more free time on his hands these days. The longtime “emerging medical device companies” equity analyst for Feltl & Co. in Minneapolis has not seen a lot of companies emerging lately. In fact, th... |
| 05.05.2010 | Minnesota’s public medical companies not named Medtronic are shrinking | Promoted Telemedicine’s potential to provide healthcare to the world’s most vulnerable Teladoc Health Head of R&D Yulun Wang highlights the impact of virtual care in underserved populations around the globe through the World Telehealth ... |
| 03.07.2007 | Virtual Radiologic, outsourced radiology company, seeks $75M IPO | Virtual Radiologic, a Minnetonka, Minn., provider of outsourced radiology services, hopes to raise $75 million in an initial offering. The company calls itself the second-largest provider of such “teleradiology” services, in which a dispers... |
| - | ev3 latest Minnesotan medical technology company to cash out | Given Wall Street’s turmoil of late, it’s not too surprising that buyers would search for bargains, especially struggling medical device companies with promising technology and awful balance sheets. Case in point: Medtronic Inc.’s (NYSE: MD... |
| - | Weak capital markets claim another victim: Virtual Radiologic Corp. | There was every reason to expect Virtual Radiologic Corp. (NASDAQ: VRAD) to become Minnesota’s next medical technology star. The company, based in Eden Prairie, was one of the last local firms to go public, raising $68 million from its init... |
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