A community of 30,000 US Transcriptionist serving Medical Transcription Industry
What does this mean? MM owner will - soon split from JPMorgan.
Posted: Aug 16, 2013
http://nashvillepost.com/blogs/postbusiness/2013/6/17/mmodal_owner_will_soon_split_from_jpmorgan
M*Modal owner will soon split from JPMorgan
JPMorgan Chase officials say they will soon spin out One Equity Partners, the private-equity firm that last year bought M*Modal for $1.1 billion. The firm, which manages $4.5 billion worth of investments, will continue to manage its current portfolio and sell off its holdings over time.
Probably not a good thing - anon
[ In Reply To ..]Great! Something else in store for us.
Difficult to understand, but looks like maybe - possibility of being sold
[ In Reply To ..]In the linked article there was some mention of selling off of business that had been acquired. However, I plead to being ignorant when it comes to how corporations work.
I plead to all that is holy that is not the case because we all know who the number one buyer would be. I worked for Nuance and let me just tell you, they are 1000 times worse than MModal.
GREED - Hatem2
[ In Reply To ..]I read an article recently that stated Kumar was getting out of the transcription business (now that he has all his profitable sweat shops set up in India and Pakistan) and he wants to be...ready for this?....an ANGEL INVESTOR!!!! Bwahahahahah. Nothing angelic about that greedy man! I count on him getting "just what he deserves" some day, and nothing less.
MM and MQ are such hot potatoes, no one wants them. - dnr
[ In Reply To ..]Either they got what they wanted money-wise, or they regret taking MM/MQ. MQ was certainly a bad liability for the previous owner/investor.
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