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Nuance Communications - An End to Acquisitive Growth

Thu, 04 Sep 2008 16:21:00 GMT

The acquisition machine which fuelled growth at Nuance might be slowing down due to the high debt that Nuance has accumulated in the last two years. Nuance’s interest coverage ratio is close to 1 and hence it is highly unlikely that Nuance could or want[More...]

MedQuist Announces Establishment of Revolving Credit Facility and Payment of Special Cash Dividend

Wed, 02 Sep 2009 21:49:00 GMT

MOUNT LAUREL, N.J., Sept. 2 /PRNewswire-FirstCall/ -- MedQuist Inc. (Nasdaq: MEDQ) today announced it has entered into a five-year $25 million revolving credit facility.
The Company does not currently anticipate borrowing under the credit facility.
Separately, the MedQuist Board of Directors, at a meeting held on August 27, 2009, unanimously declared a special cash dividend of $1.33 per share on MedQuist's common stock.

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Wellmont Health System Awards Contract to MedQuist for Clinical Documentation Services

Wed, 26 Aug 2009 14:30:00 GMT

MedQuist Inc. , a leading provider of technology-enabled clinical documentation services, today announced that it has been awarded the preferred vendor contract by Wellmont Health System of Kingsport, Tennessee for enterprise medical transcription services, as well as for speech recognition in radiology. As part of the arrangement, MedQuist will offer employment to Wellmont's existing transcriptionists.[More...]

MedQuist Reports Second Quarter 2009 Results

Thu, 30 Jul 2009 21:48:00 GMT

MedQuist Inc., a leading provider of medical transcription services, and a leader in technology-enabled clinical documentation workflow, today announced its unaudited operating results for its second quarter ended June 30, 2009.[More...]

MedQuist Customer Wins CIO 100 Award

Fri, 26 Jun 2009 13:56:00 GMT

MedQuist's customer, OhioHealth, based in Columbus, Ohio, has been selected as one of the Top 100 CIO 100 Award winners. OhioHealth was recognized as an industry leader for their implementation and use of MedQuist's SpeechQ for Radiology voice-recognition software in their radiology department.[More...]

MedQuist Adds Kevin Piltz as New Chief Information Officer

Thu, 18 Jun 2009 20:33:00 GMT

MedQuist Inc. has announced it has added Kevin Piltz to its senior executive team as its new Chief Information Officer.[More...]

MedQuist Reports First Quarter 2009 Results

Thu, 07 May 2009 22:01:00 GMT

MOUNT LAUREL, N.J., May 7 /PRNewswire-FirstCall/ -- MedQuist Inc., a leading provider of medical transcription services, and a leader in technology-enabled clinical documentation workflow, today announced its unaudited operating results for its first quarter ended March 31, 2009.
Adjusted EBITDA (operating income (loss) excluding depreciation, amortization of intangible assets, cost of Investigation and legal proceedings, net) increased 130% to $12.1 million for the first quarter of 2009 compared to $5.3 million for the first quarter of 2008.
Net revenues decreased $4.8 million or 5.7% to $78.9 million for the three months ended March 31, 2009 compared with $83.7 million for the three months ended March 31, 2008.

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MedQuist Names Dominick J. Golio as Chief Financial Officer

Wed, 15 Apr 2009 21:36:00 GMT

MedQuist Inc. today announced it has named Dominick J. Golio as its new Chief Financial Officer. He joined MedQuist on April 13, 2009.[More...]

MedQuist Names Alan J. Gold as Senior Vice President, Sales and Marketing

Fri, 03 Apr 2009 20:46:00 GMT

MedQuist Inc. has announced it has named Alan J. Gold as its new Senior Vice President of Sales and Marketing. Gold will be responsible for client relationships, new business development, and the positioning and promotion of MedQuist.[More...]

MedQuist Announces Entry of Final Judgment Approving Settlement and Dismissing Medical Transcriptionist Class Action

Thu, 02 Apr 2009 20:12:00 GMT

MedQuist Inc. , a leading provider of medical transcription services, is pleased to announce entry of final judgment approving settlement and dismissing the consolidated medical transcriptionist class action commenced against the Company following disclosure of the results of the internal review of its historic billing practices in July 2004. MedQuist cares deeply about its workforce, and throughout this litigation the Company maintained that it has always correctly paid its medical transcriptionists, that it did nothing wrong, and that the allegations in the suit were completely meritless. The Court's action this week vindicates the Company's position: "[N]otwithstanding Plaintiffs' expansive discovery and investigative work, no evidence emerged to support their allegations that MedQuist had systematically underpaid its transcriptionists." The full text of the Court's Final Judgment and Opinion are available through the Company's Web site at www.MedQuist.com.[More...]

MedQuist Announces Resolution of SEC Investigation

Fri, 13 Mar 2009 20:45:00 GMT

MedQuist Inc. , a leading provider of medical transcription services, is pleased to announce that it has resolved the investigation by the Securities and Exchange Commission regarding the Company's historic billing practices. Pursuant to the settlement, the Company agreed to the entry of final judgment in prospective litigation by the SEC, including an injunction against the Company from violating federal securities laws. Under the settlement, the Company will not pay any fines or penalties to the SEC, and the Company does not admit to or deny any liability or wrongdoing.[More...]