Virtual Radiologic Announces Merger with NightHawk Radiology Holdings, Inc. (NHWK)
Virtual Radiologic (vRad) and NightHawk Radiology (NHWK), two developers and providers of radiology technology, announced on Monday that they will be merging their companies in a transaction that is valued at approximately $170 million. Pending approval of NightHawk shareholders and customary closing conditions, Virtual Radiologic will acquire all of the outstanding common stock of NightHawk Radiology for $6.50 per share in cash. The merger will result in enhanced services to hospitals across the country. The benefits will include having 325 radiologists in 2,700 healthcare facilities across the country. This is in line with Virtual Radiologic's stated commitment to optimizing radiology's…