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| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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Morgan Keegan Advises M*Modal in Acquisition by MedQuist Holdings
Morgan Keegan is pleased to announce that MedQuist Holdings (NASDAQ: MEDH), a leading provider of integrated clinical documentation solutions for the U.S. healthcare system has acquired M*Modal for $130 million. M*Modal provides cloud-based software solutions that enable healthcare providers to easily convert speech into structured clinical information. Morgan Keegan served as exclusive financial advisor to M*Modal.
Michael Finke, Chief Executive Officer of M*Modal, added, “Given the outstanding strategic fit between us, we are positioned to create a whole new level of clinical documentation workflow and analytics solutions that address some of the healthcare industry’s most pressing issues. This merger gives M*Modal the immediate resources and access to customers required to accelerate and extend our technology development efforts.”
About MedQuist Holdings
MedQuist is a leading provider of medical transcription services and a leader in technology enabled clinical documentation workflow. MedQuist's enterprisesolutions – including mobile voice capture devices, speech |
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recognition, Web‐based workflow platforms and a global network of medical editors – help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit www.medquist.com.
About M*Modal
M*Modal, a leader in advanced Speech and Natural Language Understanding technology, transforms narrative medical documentation into structured, encoded information to create meaningful, valuable clinical intelligence that can be shared, analyzed, and used to inform collaborative care. More than 800 healthcare organizations nationwide utilize M*Modal’s solutions to re‐define the role of clinical narrative in improving and promoting quality of care, clinical efficiency, financial performance, and EHR adoption. For more information, please visit www.mmodal.com.
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,100 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
- Transportation & Logistics
- Industrial
- Consumer
- Energy
- Security & Defense
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- Real Estate
- Healthcare
- Technology
- Financial Services & Transaction Processing
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