MINNEAPOLIS, July 28, 2008 (PRIME NEWSWIRE) -- Virtual Radiologic Corp. (Nasdaq:VRAD), a leading national provider of teleradiology services, today announced a multi-year agreement with Lion City Radiology of Singapore to provide preliminary interpretations of CT and MRI studies for imaging centers affiliated with Lion City Radiology in Singapore and United Arab Emirates (UAE). The agreement also includes the provision for final interpretations of Singapore radiological studies upon validation by the Singapore Ministry of Health.
"We are pleased to partner with Lion City Radiology for our first international contract," said Ade Adeyemi, Virtual Radiologic's General Manager of International Operations. "Lion City Radiology is a growing and innovative provider of radiology interpretation and related services in Southeast Asia and the Middle East. In addition to the agreement we have already signed, we will collaborate on opportunities for strategic deployment of our technology infrastructure and workflow management services in select international markets."
"This agreement represents an entry point for Virtual Radiologic in the international market," said Sean Casey, Chief Executive Officer of Virtual Radiologic. "Partnering with Lion City Radiology allows us to expand Virtual Radiologic's interpretation services offerings to some of the fastest-growing and most promising imaging markets in the world. We are confident that Lion City Radiology will benefit from Virtual Radiologic's vast array of coverage options and commitment to quality patient care."
Said Dr. Vas Metupalle, Managing Director of Lion City Radiology, "As a high-growth radiology service provider, we are witnessing the emerging markets for teleradiology. Our partnership with Virtual Radiologic will enable us to expand our services in these markets. Virtual Radiologic has a well-earned reputation for service excellence, and we know we can depend on them for the round-the-clock coverage and high quality subspecialty expertise that our clients in Singapore and UAE demand. We are excited to begin our new venture with Virtual Radiologic."
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 930 medical facilities.
About Lion City Radiology
Lion City Radiology Pte Ltd (www.lioncityradiology.com) is incorporated in Singapore and provides radiology consultation, staffing and interpretation services at seven imaging facilities in Singapore and UAE. The current clinical leadership team based in Singapore consists of Radiologists with Fellow of Royal College of Radiologists FRCR (UK) qualifications. Dr. Vas Metupalle, the founder and Managing Director of Lion City Radiology received his medical training at Kings College London School of Medicine, United Kingdom.