Medquist buys Spheris for $116 million, Spheris execs get their $850K bonus

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 ...

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 ...

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? ...

Anyone with knowledge of these two companies have any advice for choosing between them (for a new MT)? Thank you. ...

I was just wondering what the Medquist MTs think about Medquist possibly taking over Spheris, whether good, bad or indifferent. ...

Running out of work midweek on a previously high volume account and struggling to get my lines in now :( Wondering what's up. ...

I have been hired for Spheris accounts at MQ. I forgot to ask which platform. Anybody know if the Spheris side uses DQS or something different? ...

http://ahdilounge.blogspot.com/2010/04/it-looks-like-we-have-winner-medquist.html ...

Came across this information, from a reliable source (who prefers to remain anonymous.)We report, you decide. - - - - - - - - - - A leading United States-based healthcare BPO services vendor CBay Systems Ltd. plans to transfer nearly 50 per cent of its work to India during the next two years with a view to develop into a $1-billion company. Presently, CBay Systems provides its facilities to almost 40 per cent of the hospital market in the United States covering over 2,400 hospitals, clinics as ...

I am a current employee of Spheris and was wondering what kind of health insurance does Medquist offer? If you could give details that would be great. ...

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

http://philadelphia.bizjournals.com/philadelphia/stories/2010/08/16/daily23.html Medical transcription services company MedQuist Inc. has agreed to pay Kaiser Permanente $2 million to settle a lawsuit in which the health-care company alleged MedQuist inflated its costs. Kaiser of Oakland, Calif., filed its lawsuit against MedQuist (NASDAQ:MEDQ) during the summer of 2008. Under the terms of the settlement, MedQuist of Mount Laurel, N.J., made a single lump sum payme ...

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 ...

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

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. ...

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

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 ...

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. ...

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 ...

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? ...

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! ...

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 ...

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 ...

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 ...

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. ...

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

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

Seems odd to me, but over on the other website, Sperhis is hiring. Who would accept a position with them at this point? ...

Medquist buys Spheris for $116 million, Spheris execs get their $850K bonus - insider

Insider - Nick

THEY get 850K BONUS????? - For Being a Failure??

Bonus - Alex

Disgusting isnt it? - How DO they sleep?

And a Temperpedic deluxe bed. - Starry Knight

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