Virtual Radiologic Ranked #2 on Minneapolis/St. Paul Business Journal's List of Fastest-Growing Small Public Companies
MINNEAPOLIS, Minn., May 5, 2008 - 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.