Key Developments For Transcend Services, Inc.
Transcend Services, Inc. (TRCR.O) (Consolidated Issue listed on NASDAQ Global Market)
Transcend Services, Inc. Secures Five-Year Single-Source Contract with Health Management Associates
Transcend Services, Inc. announced that it has entered into a five-year single-source contract to provide medical transcription services to Health Management Associates, Inc.
Transcend Services, Inc. Announces Completion of Acquisition of Medical Dictation Services, Inc
Transcend Services, Inc. announced that it has completed the acquisition of Medical Dictation Services, Inc. as of August 31, 2009 and entered into a new credit facility with Regions Bank. In order to fund a portion of the purchase price and to provide general corporate liquidity, Transcend entered into a new credit facility with Regions Bank which consists of a revolving loan of up to $5.0 million (which can be increased to $8.0 million at the bank`s option) and a four-year, $7.0 million term loan to help fund the MDI acquisition. The new credit facility replaces a credit facility which was to expire in December 2009.
Transcend Services, Inc. Announces Acquisition Of Medical Dictation Services, Inc.
Transcend Services, Inc. announced that it has entered into a definitive agreement to acquire Medical Dictation Services, Inc. (MDI) for $16.2 million. The transaction is expected to close on or about August 31, 2009.
Transcend Services, Inc. Promotes Sue McGrogan to President and Chief Operating Officer
Transcend Services, Inc. announced that Sue McGrogan has been promoted to President and Chief Operating Officer of Transcend.
Transcend Services, Inc. Completes Acquisition Of Transcription Relief Services,LLC's Domestic Medical Transcription Business
Transcend Services, Inc. announced that it has completed the previously announced acquisition of the domestic medical transcription business of Transcription Relief Services, LLC (TRS) as of April 1, 2009.
