A community of 30,000 US Transcriptionist serving Medical Transcription Industry


MQ buys Spheris domestic assets. NM - Let the fireworks begin


Posted: Feb 03, 2010

x

MQ purchase of Spheris - anon

[ In Reply To ..]
http://nashville.bizjournals.com/nashville/stories/2010/02/01/daily18.html

MQ purchase of Spheris - Moderators? - Ron

[ In Reply To ..]
I have the actual press release from MedQuist. (I subscribe to a stock investor's service and it was e-mailed to me.) Am I allowed to post the text here? I wanted to ask before I did something wrong. If the mods tell me I can post, I will, if not, I won't. Thanks.

Confidential, internal or privileged information - no. SM - Moderator

[ In Reply To ..]
If it is a press release, it should be posted on their website. If this is the case, you can post a link to that press release.

Moderator


Similar Messages:


MedQuist Awarded Court Approval For Domestic Assets
Feb 28, 2010

http://www.prnewswire.com/news-releases/medquist-awarded-court-approval-as-stalking-horse-bidder-for-domestic-assets-of-spheris-85356647.html   Wow, court okayed and approved for MQ to go ahead and bid on April 13, for Spheris.  Plus MQ is coming out with their own EPIC and it causes 70% less dictation.  EXPECT NO JOBS AVAILABLE COMING SOON.  Also expect getting picked on with your job audits because they want to fire most of us and just keep the BEST OF THE BEST which I h ...


Medquist Buys Spheris For $116 Million, Spheris Execs Get Their $850K Bonus
Apr 15, 2010

Having paid too much you can be assured their will be layoffs a plenty in about 6 mos time. ...


CBay Buys Spheris
Feb 03, 2010

Just curious, how do you guys (and gals) feel about the fact that CBay just purchased Spheris? ...


Looks Like A Done Deal, MQ Buys Spheris
Apr 15, 2010

http://nashville.bizjournals.com/nashville/stories/2010/04/12/daily31.html   MedQuist Inc. and its majority shareholder, CBay Inc., will buy Franklin-based Spheris Inc. for $116.3 million — $48 million more than the companies originally offered for the bankrupt medical transcription company and its India subsidiary. A Delaware bankruptcy judge signed off on the sale today following an all-night auction of Spheris’ assets that concluded at 6 a.m. The price includes $98 ...


Domestic Medical Documentation Act
Apr 23, 2014

I think any law that forbids offshoring of American medical documentation would have to be very thorough to address a number of potential problems. In keeping with this, I have a list below of some that I've thought might come up under such a law unless they are specifically addressed. These are possible loop holes that could really mess things up. 1.  It would create a sudden demand for many more MTs in this country. That's awesome, obviously, but I fear this may cause medical pr ...


Does Nuance FT Insurance Cover Domestic Partners?
Jan 06, 2012

I'm a FT Webber and think I've heard something about this, but can't seem to find in the insurance info. Thank you! ...


SPHERIS ON AUCTION BLOCK TODAY - Transcend Submits Bid To Acquire Spheris - See Press Release
Apr 13, 2010

HOT OFF THE PRESS SEE BELOW     Transcend Submits Bid to Acquire Spheris     ATLANTA, Apr 09, 2010 (BUSINESS WIRE) -- TRANSCEND SERVICES, INC. /quotes/comstock/15*!trcr/quotes/nls/trcr (TRCR 17.43, +0.13, +0.75%) , the third largest provider of medical transcription services to the U.S. healthcare market, announced today that it has submitted a bid to acquire substantially all of the assets of Nashville, Tennessee-based Spheris, Inc. and the stock of ...


The Q Buys JLG?
Sep 16, 2011

I wonder how that's going over down there? I can only surmise. ...


MQ Buys M*modal
Jul 11, 2011

for the worse, if that's possible! Anyone who thought they'd conquer VR and make money, MQ just shot you in the foot.    ...


MQ Buys JLG. How Many Companies Has MQ
Sep 16, 2011

"Chewed up and spat out" might be a better description. ...


When MQ Buys Out A New Company, Do They
Mar 16, 2012

My company was just bought last month, and suddenly all the higher ups are "resigning".  I would think they would have done that before accepting the new position, not after jumping through all the hoops and piles of paperwork to get hired, the miserable process of training on 10 different website logins, etc. None of them will admit it, but it sure seems like MQ is firing off everyone who doesn't make them money.  Is this the normal process?   ...


MedQuist Buys All Type, Too. Sm
Sep 20, 2011

http://www.cnbc.com/id/44588832 ...


Nuance/Focus Buys Encompass!
Aug 08, 2010

Focus is an offshore company.  Another good company down the tubes.  ...


WebmedX Buys School - Lets All MTs Go - STUDENTS Doing Work/no Pay?
Oct 10, 2010

I am guessing with the low quality I see that 10:1 they let a plethora of MTs go right AFTER acquiring an MT SCHOOL so that they could have the students do the work as required work for th program and not pay them.  Some of the reports I see look like they were done by a 7-year-old or someone for whom English is a second language. ...


Spheris MTs
Nov 10, 2009

Hey Spheris MTs out there.  I worked for Spheris for a while not too long ago but quit for another company.  Nothing wrong with Spheris at all, just love the new company flexibility much, much more.  I loved the expander program Spheris used (Shorthand 10.0) so much that I ended up buying the program to use on my new job.  Problem is there are so many tips and tricks that Spheris provided for using Shorthand 10.0 that I never got to put into action and quit before I thou ...


What Is Going On At Spheris?
Jan 08, 2010

Is it me or does it seem like Spheris is a sinking ship?.  ...


Spheris VR
Jan 14, 2010

Is it me or does it seem like the VR at Spheris is getting worse. Also, it seems like it is harder to make any lines at all. Just had to vent. ...


Has Spheris Sent Out W2's Yet?
Jan 29, 2010

Just wondering.  I worked there till May last year and will probably have to contact them to get mine. ...


Spheris Pay
Jun 08, 2010

my friend claims she only made $11000 with spheris last yr. but yet she had health benefits and 401K. how is it she's making so little is spheris really that bad of a company to work for . i've heard so many different stories i don't know what to believe anymore ...


W2 ? For Former Spheris...
Mar 19, 2011

Should we have a W2 from MQ as well as from Spheris?  Was just putting my info together to have taxes done & don't understand the 2 from Spheris but noticed I don't have one that says MQ. Thanks in advance. ...


Keystrokes Better Than Spheris
Oct 20, 2009

I currently work at Spheris but I would like to find out how things are at Keystrokes. I appreciate any information good or bad.   Thanks ...


Questions About Spheris
Oct 21, 2009

Does anyone know if Spheris sends their work overseas?  How are they to work for?  Do they have editing positions?  Is the rate of pay any good? ...


Spheris Stinks!
Nov 18, 2009

That company is in trouble, and it is a terrible place to work.  The MTs are very, very nice, but it is not a place to make a living! ...


Spheris Nightmares
Nov 21, 2009

Had nightmares about my company last night.  I was told to go in the office of my boss and do some punishment work.  I sat there in front of this blank computer, would not turn on, and something said to sit in her chair, since she was not there, and start opening all the books and do the worksheets about what a bad person/MT I was.  Then, she popped up in the back of the office in black.  Scary, evil woman!  She said terrible things, and just as I kept telling myself thi ...


How Does Spheris Compare?
Jan 21, 2010

Is there anyone out there who has worked for Spheris and other large companies? If so, how does Spheris compare? Looking for other opportunities, but don't want to end up in a worse situation :) In particular, has anyone worked for both Spheris and Webmedx? thanks ...


**** Spheris Might Tank.
Jan 29, 2010

http://nashville.bizjournals.com/nashville/stories/2010/02/01/story1.html?b=1265000400%5E2811471 By closing the curtains on its finances, Spheris has opened the door to speculation regarding its future. Whispers range from a sale to a bankruptcy, with the former gaining steam in the past week after a blogger in India reported competitor Cbay Systems Ltd. had struck a deal to buy Spheris’ operations in that country. Both Spheris and Cbay declined to address the potential sale. Spheris has ...


Spheris - Another Medquist
Jan 30, 2010

I had an interview with Spheris yesterday.  It sounds too good to be true - more per line than I'm making now, plus production bonus and weekend shift differential?  And better insurance too.  Okay. I worked for MQ.  My check got smaller and smaller as they revamped the bonuses and brought in VR (which absolutely refused to be taught anything).  So tell me the truth - would I be jumping back into the same fire with Spheris? ...


Help! Might Get Hired By Spheris...
Jan 31, 2010

I'm not sure if this is a  good move for me, especially after reading an article on them that was linked from this board.  Recruiter says they have loads of work, but they seem really regimented.  Anyone work for them and want to share?  Thanks.  ...


Spheris Bought Out
Feb 03, 2010

By Medquist and Cbay.  My sister works there and just told me, is on a conference call as we speak. ...


Spheris Sells Out
Feb 03, 2010

SPHERIS SELLS OUT- ANNOUNCED BY EMAIL TO EMPLOYEES TODAY.  SOLD TO MEDQUIST AND CBAY.  WILL BE DONE BY JUNE. ...