MedQuist completes Spheris acquisition

AuntMinnie.com staff writers
Apr 25, 2010

Speech recognition and transcription technology provider MedQuist of Mount Laurel, NJ, has completed its acquisition of the U.S. business of Spheris of Franklin, TN.

At the same time, MedQuist's majority shareholder CBay of Annapolis, MD, has acquired the stock of Spheris India, a subsidiary of Spheris.

The transaction includes $98.8 million in cash and an unsecured subordinated promissory note issued by MedQuist Transcriptions for $17.5 million.

The combined companies will offer clinical documentation and electronic health record technology and products worldwide.

Related Reading

Court OKs MedQuist, CBay buy of Spheris, April 16, 2010

MedQuist revenues dip in 2009, March 15, 2010

MedQuist nets DMC contract, March 9, 2010

MedQuist teams with Epic, February 26, 2010

MedQuist to buy Spheris' U.S. assets, February 5, 2010

Copyright © 2010 AuntMinnie.com

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