MedQuist Inc., a provider of medical transcription software and services, will purchase the domestic business of Spheris Inc., a global provider of clinical documentation technology and services that recently filed for Chapter 11 bankruptcy protection. The transaction is expected to allow Spheris’ customers to benefit from a HIM platform (DocQment Enterprise Platform) which serves as the foundation for MedQuist’s transcription service offerings and includes workflow management, core measures reporting, structured documentation, data analytics, and key customer reporting. In addition, Spheris’ customers will be able to leverage all MedQuist solutions including SpeechQ real-time interactive speech recognition for radiology and general medicine, DocQvoice for capturing dictation, and computer-assisted coding and abstracting. The transaction is expected to close in the first half of 2010.
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