Welcome to the latest news, events, white papers and case studies from Spheris. Consider this your best source for information, solution news, coming conferences and insights into medical transcription.
The Media Relations section includes contact information, press releases, corporate logos and photography.
AHIMA Convention & Exhibit
Sep 25 - 30, 2010
Orlando, FL
Gaylord Palms Hotel and Convention Center
Booth #1017
Medquist and Cbay Receive Court Approval To Acquire Spheris
MedQuist Inc. (Nasdaq: MEDQ) and its majority shareholder CBay Inc., leading providers of technology-enabled clinical documentation services and Spheris, a leading global provider of clinical documentation technology and services, today announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of Spheris&8217; assets to MedQuist Inc. and CBay Inc. Under the terms of the sale, MedQuist
will acquire Spheris&8217; U.S. assets and CBay will acquire the stock of Spheris India Private Limited, a subsidiary of Spheris. The purchase price is $98,833,900 in cash and an unsecured subordinated promissory note issued by MedQuist transcriptions, Ltd. in an aggregate principal amount of $17,500,000. The Companies expect the transaction to close in April.