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

Hmmm interesting read about Nuance trying to buy M*Modal - anon

Posted: Jul 17, 2012

No clue what this means to us peons working the trenches, but interesting, see link:

http://hdstoday.com/?p=143

This isn't a fact - sm

[ In Reply To ..]
The author is guessing about who tried to purchase M*Modal. Did you not comprehend the article?

a fact that a company made a higher offer - anon

[ In Reply To ..]
Yes I read it ALL the way through, did you? What other possible company could put up that kind of capital (it was a higher deal than the one they accepted) AND just bought out a competitor in March, which was the reason the offer was declined? Do you think there are that many companies out there with that kind of ability to offer that much money who ALSO just happened to buy out a competitor in March? (when Nuance purchased Transcend).

It didn't happen and so it has no bearing on us at all, I just posted because it was interesting. I think there will be a huge battle between these 2 and I wouldn't be surprised down the road if just 1 is left.

hmmmm - see message

[ In Reply To ..]
Your title said Nuance trying to buy M*Modal. This was just assumed. Doesn't matter if you THINK it is Nuance, facts are facts. The fact is we don't know who it was. Do you believe all things without knowing the facts? Yes it is interesting, but your title should have been worded differently. Can't just go around stirring the pot, spreading rumors and causing unease.

Ummmm - Lay off.

[ In Reply To ..]
WRONG! If one looks back at the history of alleged wrongdoings and including the Dept of Justice with regards to this company on acquiring other companies raises suspicion. Let google be your friend.

http://www.speechtechmag.com/Articles/Editorial/FYI/Nuance-Under-Antitrust-Investigation-55892.aspx

If it ever did happen - anon

[ In Reply To ..]
I would pray Nuance was the one who comes out on top. I don't enjoy the low pay and QA nonsense at Nuance but based on my past MQ experience and reading both boards on here, Nuance is the lesser of the 2 evils.

When clients no longer have a choice of MTSO's, - inhouse MT may once again thrive. nm

[ In Reply To ..]

That would be wonderful, but I bet not. - anon

[ In Reply To ..]
The administration of the hospital make those decisions and they got rid of in-house MTs because they are expensive. I highly doubt they will go back to in-house and if they do, count on wages being signficantly lower than they were.

I am afraid this industry is forever changed and not for the better.

That's exactly what I thought - who else would be - big enough and have the capital but Nuance?

[ In Reply To ..]
I get the feeling that someday there is only going to be ONE transcription service in the entire country. One big, BLOATED, EVIL, DYSFUNCTIONAL MTSO.

Makes the hair stand up on my neck.

Exactly! (sm) - QueenOfEverything

[ In Reply To ..]
Good point. It's from a blog. On my blog, I'm the queen of EVERYTHING. The point is, that article is one person's opinion. Bloggers often don't have supporting evidence, so take anything you read on a blog with several large grains of salt.

Wrong! - Be a friend of google

[ In Reply To ..]
Just research and dig deeper into the aquisition practices of Nuance and there are articles on the web with regards to their aquisition of Philips involving the DOJ and other companies dealings with them. Seems to me after reading the articles that there DEFINATELY IMO is a suspect pattern here!

I was wondering about the Nuance thing... - jmt

[ In Reply To ..]
I'm an ex Medquist employee and now working happily away from MTSOs completely and in with a great group of docs TOTALLY out of transcription. M-Modal does our private patients dictations for the docs. Lately the name Nuance has been floating around the office and when I try to get information about why I keep hearing Nuance, I don't really get an answer. I was looking on here to see if I could get any info and saw this thread. Could be something to it, maybe.

Business Week article documenting above...not just a blog - anon

[ In Reply To ..]
It is really a moot point because M*Modal refused, but it is interesting IMO to see these 2 companies trying to buy out everything smaller. Maybe you don't believe Business Week either, but it is not just a blog. It names only "Party A" but in reality there is only 1 out of million companies that would fit the description of what this describes that could afford to come up with 1+ billion dollars AND also had just purchased a rival to M*Modal in March. This is the link to the Business Week article:

http://www.businessweek.com/ap/2012-07-17/mmodal-gets-rival-bid-but-picks-jpmorgan-offer

I also saw it on the CBS website - not a blog

[ In Reply To ..]
Agree - It had to be Nuance; nobody else fits that description. Glad it didn't happen. I think Nuance is worse than the Muddle, IMHO

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