MINNEAPOLIS, March 27, 2008 (PRIME NEWSWIRE) -- Virtual Radiologic Corp. (Nasdaq:VRAD), a leading national provider of teleradiology services, has been ranked as one of the 100 largest publicly traded companies in Minnesota by the Minneapolis/St. Paul Business Journal. The publication's "Top 100 Public Companies" list ranks Minnesota-based companies according to 2007 annual revenue. Virtual Radiologic was ranked #87 among Minnesota-based public companies, with $86.2 million in 2007 revenue.
Virtual Radiologic grew its annual revenue by 59 percent in 2007 to $86.2 million, while expanding its customer base to 469 customers serving more than 800 medical facilities, including 13% of all U.S. hospitals. The company completed its initial public offering in November 2007, raising more than $59 million in net proceeds. Virtual Radiologic shares are traded on the NASDAQ Global Market under the symbol "VRAD."
"All of our employees and affiliated radiologists can be proud of this accomplishment," said Virtual Radiologic Chief Executive Officer Sean Casey. "Minnesota is home to an educated workforce and many of the leading medical service and technology companies in the country. It's an honor to be included among their ranks."
Prior to the company's initial public offering, Minneapolis/St. Paul Business Journal listed Virtual Radiologic as one of the fastest growing private companies in the Twin Cities. In 2007, Inc. magazine ranked Virtual Radiologic as the seventh-fastest-growing private company in the Twin Cities and the 29th-fastest-growing private healthcare company in the United States.
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 800 medical facilities.