Virtual Radiologic Corporation (ticker: VRAD, exchange: NASDAQ Global Market (.O))
News Release -
Virtual Radiologic Promotes Rob Kill to CEO in Planned Succession
Co-Founder Dr. Sean Casey Continues as Chairman of the Board
MINNEAPOLIS, Jan 26, 2009 (GlobeNewswire via COMTEX News Network) -- Virtual Radiologic Corporation (Nasdaq:VRAD) today announced that Rob Kill has been appointed chief executive officer effective January 26, 2009 as part of a leadership succession plan designed for the Company's next phase of growth. Kill succeeds Co-Founder Dr. Sean Casey, who will remain as chairman of the board.
"We have established Virtual Radiologic as a profitable high growth company with a market-leading reputation for service excellence and the highest quality patient care," said Dr. Casey. "And I have the greatest confidence in Rob's ability to continue this profitable growth."
Kill has served as the Company's president and chief operating officer since May 2007 and has extensive executive leadership experience in the healthcare industry. Before joining Virtual Radiologic, he was president of
the Physician Systems business at Misys Healthcare, where he also served
as president of the company's Physician Enterprise Systems unit. Earlier in his career, he also spent 10 years with Baxter Healthcare, holding senior leadership roles in operations, marketing and sales. He earned a bachelor's degree in economics from the University of Notre Dame.
"I am excited about the opportunity to lead the next phase in the growth of Virtual Radiologic," said Kill. "Under Sean's leadership, we have developed a clear strategy and vision which I am looking forward to executing with the support of our talented team."
Company Co-Founder Dr. Eduard Michel remains medical director and a member of the board of directors and will continue to be the key liaison with the Company's 144 affiliated radiologists.
About Virtual Radiologic
Virtual Radiologic Corporation (www.virtualrad.com)
provides teleradiology solutions to radiology practices and
medical centers throughout the United States and internationally. 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 The Joint Commission-certified and serves over 620 clients supporting more than 1,025 medical facilities.
Safe Harbor for Forward-Looking and Cautionary Statements
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, in particular, statements about our plans, objectives, strategies and prospects regarding, among other
things, our business and results of operations. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Virtual Radiologic Corporation to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. For examples of such risks and uncertainties, please see our Annual Report on form 10-K, as well as our other filings with the Securities and Exchange Commission. Statements that are not historical facts in this press release are forward-looking statements that involve certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Except as required by applicable law, Virtual Radiologic
Corporation undertakes no duty to update these forward-looking statements due to new information or as a result of future events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Virtual Radiologic Corporation
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