Key Developments For MedQuist Inc.
MedQuist Inc. (MEDQ.O) (Consolidated Issue listed on NASDAQ Global Market)
MedQuist, Inc. Announces Reseller Agreement With Clario
MedQuist, Inc. and Clario Medical Imaging Inc. announced that they have agreed to expand their existing commercial relationship, to enable MedQuist to market and resell Clario's zVision software.
MedQuist, Inc. Wins Contract At SwedishAmerican Health System
MedQuist, Inc. announced that it has been awarded a contract by SwedishAmerican Health System to provide complete transcription outsourcing and speech recognition editing services to the system's hospital and medical center. The contract also includes acquisition of MedQuist's SpeechQ for Radiology real time interactive speech recognition system to handle radiology documentation at both SwedishAmerican Hospital and the affiliated FHN Memorial Hospital in Freeport, Illinois, through the two organizations' joint venture health information technology organization - TriRivers Health Partners. This announcement is being made in connection with the opening of AHIMA in Grapevine, Texas.
MedQuist, Inc. Signs Transcription And Editing Services Agreement With HealthTrust Purchasing Group
MedQuist, Inc. announced that it has been awarded a Transcription Services Agreement by HealthTrust Purchasing Group (HPG). As a result of the award, all of the more than 1,400 hospitals and healthcare organizations participating in HPG's network will be able to purchase MedQuist's full array of integrated transcription and speech recognition technology and services. This announcement is being made in connection with the opening of AHIMA in Grapevine, Texas.
MedQuist, Inc. Announces RAC Consulting and Solution Agreement with Doylestown Hospital
MedQuist, Inc. announced that it was awarded the contract for Recovery Audit Contractor (RAC) consulting services and software by Doylestown Hospital. The agreement also positions the hospital, located in Doylestown, Pennsylvania, to take advantage of the RevTrack workflow management and processing solution from RevenueMed. MedQuist will supply Doylestown Hospital with a RAC coordinator and the tools to help them prepare for, navigate and manage the RAC audit process. MedQuist will also assist in assessing the hospital's risk related to the RAC program when needed.
MedQuist, Inc. Announces Establishment Of Revolving Credit Facility And Payment Of Special Cash Dividend
MedQuist, Inc. announced it has entered into a five-year $25 million revolving credit facility. The credit facility provides committed revolving funding through August 2014 and includes an option whereby the Company may increase its maximum credit up to $40 million, based on certain terms and conditions. The credit facility is a working capital facility that may be used for general corporate purposes. The Company does not currently anticipate borrowing under the credit facility. The Company also announced that the Board of Directors, at a meeting held on August 27, 2009, unanimously declared a special cash dividend of $1.33 per share on MedQuist's common stock. The dividend will be paid on September 15, 2009, to shareholders of record as of the close of business on September 9, 2009.
