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Mednax buys radiologist vRad from Providence Equity for $500M :

May 12, 2015 - The Deal Pipeline

Serial acquirer Mednax Inc. (MD) agreed Tuesday, May 12, to buy private equity-backed Virtual Radiologic Corp. for $500 million, expanding the physician services company's presence in the radiology and telemedicine fields. Virtual Radiologic, or vRad, is backed by Providence Equity Partners and provides outsourced radiology physician services and telemedicine.

The company had $185 million in revenue in 2014 and, according to one industry source, trailing 12-months Ebitda of $43 million...