Transcend acquires California company's transcription biz
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from bizjournals.com on 2006-01-31
Transcend Service Inc. has bought PracticeXpert Inc.'s transcription business.
Under the terms of the agreement with Transcend, PracticeXpert will receive up to $500,000, over three years, on an earn-out basis, with an initial $40,000 payment on closing.
Atlanta-based Transcend (NASDAQ: TRCR - News) provides medical transcription services to health systems, hospitals, clinics and physician practices. Calabasas, Calif.-based PracticeXpert (OTC BB: PXPT - News) provides medical billing, accounts receivable management, practice management, consulting, seminars, practice management software, electronic medical records software and related services.
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