The parties intend to promptly take the steps necessary to complete a "short-form" merger of Townsend Merger Corporation with Transcend
under Delaware law, without a meeting of Transcend
Nuance has agreed to acquire Transcend
through a cash tender offer of $29.
We have seen both decreased turn-around times and decreased costs since our total outsourcing to Transcend
two years ago, with better than industry-standard quality scores.
provides clients with exceptional quality, turnaround time and service so that they can focus on what matters most - their patients.
believes that accurate, reliable and timely transcription creates the foundation for the electronic medical record.
We believe our merger with Transcend
is a positive step into the future for our customers and employees," stated TRS CEO Bob Harvey.
has been actively pursuing acquisitions and has been very selective in that process," stated Transcend
CFO Lance Cornell.
CEO Larry Gerdes added, "Jim and Sharon have always been extremely committed to their customers.
2006 has been the year that the use of speech recognition technology has become the norm for Transcend
rather than the exception," said Jane Rudov, Vice President of Transcend
As one of the nation's largest, publicly traded MTSOs, Transcend
Services consistently outranked MedQuist, Spheris and CBay in most key performance and business indicators.
Philip Marsden, Regional Vice President of HFG, stated "We are excited about our new partnership with Transcend
MDI recently became a wholly owned subsidiary of Transcend
Binion will continue to serve Transcend
during an orientation and transition period for Mr.
is committed to protecting the confidentiality of its customers' medical records and growing the American workforce by using only domestic resources to perform medical transcription services, contrary to a medical transcription industry trend of using offshore labor.
On January 31, 2005, Transcend
expanded its existing line of credit from $1.