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

Somebody's gonna need a bail out. - I need one too.

Posted: Sep 02, 2010

Is GE trying to sell this off? Not sure what this means.

Got it from here:

http://www.iddmagazine.com/news/ge-200m-term-loan-medquist-210101-1.html

GE Shops $200M Term Loan for MedQuist

By Richard Kellerhals, Leveraged Finance News

August 23, 2010

GE Capital has begun shopping a $200 million term loan for MedQuist, a Mount Laurel, N.J., medical technologies company.

Price talk on the term loan is at Libor plus 550 bps, with a 1.75% Libor floor.

MedQuist plans to use the proceeds from the term loan, along with a $25 million revolver and $85 million in mezzanine debt, to refinance existing debt and to fund a dividend payment to minority shareholders.

In April, MedQuist acquired Spheris, using a $50 million term loan and a $50 million revolver to fund the acquisition.

MedQuist specifically provides services for voice capture, speech recognition, medial transcription, document management and clinical documentation improvement.

For more information on related topics, visit the following:

uh-oh -- looks like another pay cut coming. nm - jfb

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x.

Pffft! Its always about the shareholders, isnt it? - And never about those who actually ARE the co.!

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"medial transcription"? take a look at the typo! nm - Daisy

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NM

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