Investors pour $25M into telerad firm

NightHawk Radiology Holdings, a provider of off-hour teleradiology services to U.S. facilities, has received a $25 million investment from Summit Partners, a private equity and venture capital firm. The teleradiology provider, based in Coeur D'Alene, ID, employs U.S.-trained American Board of Radiology-certified physicians to provide preliminary radiological interpretations from a central reading facility in Sydney, Australia. The physicians electronically receive, read, and respond to the submitted radiology scans in a transcribed report sent to the attending physician. Staff read more than 1500 scans per night, providing service to more than 350 hospitals, radiology groups, and clinics.