MedQuist to consider sale

By Lisa Kerner

Charlotte, N.C., Nov. 2 - The board of directors of MedQuist Inc. is considering whether a sale of the company is in shareholders' best interests. Koninklijke Philips Electronics NV said it would sell its 70% ownership of MedQuist if "a satisfactory price and other acceptable terms can be realized," a company news release stated.

It was previously reported on July 11 that MedQuist retained Bear, Stearns & Co. to assist in its review of strategic alternatives.

MedQuist is a medical transcription technology and services company based in Mt. Laurel, N.J.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.