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news.Virtual Radiologic has acquired Diagna Radiology, located in Post Falls, Idaho, for $6 million in up-front cash and an additional $2.2 million in potential earn-out payments to be made over two years.
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Virtual Radiologic expects the acquisition to contribute between $3 million and $3.5 million in annual revenue during 2008, and to contribute between $4 million and $4.5 million in annual revenue during 2009.
Sean Casey, Virtual Radiologic’s CEO, said: “Virtual Radiologic and Diagna Radiology both utilize a US-based, distributed operating model, which will allow for a smooth transition onto Virtual Radiologic’s technology platform.”