MedQuist Inc. (MEDQ) and CBay Inc. Get Approval for Acquisition of Spheris
Located in Mount Laurel, NJ, MedQuist has grown into a leading provider of medical transcription services and a leader in technology-enabled clinical documentation workflow. Today, MedQuist announced that they have teamed up with their majority shareholder CBay Inc. to purchase substantially all of Spheris Corporation’s assets. Spheris is a leading global provider of clinical documentation technology and services. Approved by the United States Bankruptcy for the District of Delaware, MedQuist will acquire the assets of Sperhis while CBay will acquire the stock of Spheris India Private Limited, a subsidiary of the parent company. The companies expect the transaction to close…