Philips inks deal to sell MedQuist position

AuntMinnie.com staff writers
May 21, 2008

Speech recognition and transcription technology provider MedQuist's majority stakeholder, Royal Philips Electronics, has found a buyer for its ownership stake in MedQuist, according to the Mount Laurel, NJ-based vendor.

Philips owns a 69.5% ownership interest in MedQuist, which it plans to sell for $11 per share to CBaySystems Holdings, a public company that invests in medical transcription, healthcare technology, and healthcare financial services.

The deal is expected to close during the third quarter of 2008.

Related Reading

MedQuist partners with StructuRad, May 15, 2008

MedQuist improves PACS integration, May 6, 2008

MedQuist adds Illinois install, March 19, 2008

MedQuist settles lawsuit, March 17, 2008

MedQuist earns Arizona contract, March 6, 2008

Copyright © 2008 AuntMinnie.com

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