MINNEAPOLIS--(BUSINESS WIRE)--The board of directors of Virtual Radiologic Corporation (NASDAQ:VRAD), a leading global provider of teleradiology services, has approved a program for the Company to repurchase up to $5 million of its common stock. The Company plans to make purchases in either the open market or through private transactions from time to time following the date of this announcement, in accordance with Securities and Exchange Commission regulations, including plans adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The timing and extent to which the Company purchases shares will depend on market conditions and other corporate considerations. The repurchase program does not have an expiration date. As of December 31, 2008, Virtual Radiologic had $29.3 million in cash, cash equivalents and short-term investments.
