Virtual Radiologic Acquires NightHawk

Virtual Radiologic (vRad), a national radiology practice and developer of radiologist workflow technology, has announced that it will acquire its competitor NightHawk Radiology in a $170 million deal. NightHawk Radiology is specialized in providing radiology solutions to radiology groups allover the country. vRad will acquire all of the outstanding common stock of NightHawk Radiology Holdings, Inc. for $6.50 per share in cash, which is double NighHawk's closing stock price of $3.25 per share.