MedQuist Inc., a leading provider of technology-enabled clinical documentation services, today announces that it has completed the purchase of the domestic business of Spheris Inc. Simultaneously, CBay Inc., MedQuist’s majority owner, has acquired the stock of Spheris India Private Limited, a subsidiary of Spheris. Together, the combined companies will offer unprecedented opportunities for healthcare providers to improve their clinical documentation and drive toward EHR adoption faster and at a lower cost, through the advanced technology and domestic and global services now available.
MedQuist CEO Peter Masanotti comments, “This is a very exciting development for the clinical documentation industry and the healthcare facilities we serve. We are pleased to welcome Spheris customers and employees to MedQuist. We pursued this transaction knowing that Spheris’ resources and experience would perfectly complement our suite of services and technologies to deliver cost-effective, high quality clinical documentation.” [Read more…]