Medquist will remain independent and publicly held. Philips intends to sell shares in Medquist to CBaySystems Holdings, LTD which is not to be confused with the MTSO of the same name. We are not becoming a division or a subsidiary and will continue current management and current business plans.
Outsourcing is at discretion of customer, based on turnaround time and pricing requirements. Many of the customers do not want their transcription work sent overseas. Domestic transcription remains on the rise with demand of US MT's expected to grow. Medquist sales were in an upswing and bursting with TOS opportunities that will mean work for us. This was written by TM.
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It is a letter stating deal completed in 60-90 days and - confused
