Transcend Services files $75 million shelf for debt, preferreds, stock

By E. Janene Geiss

Philadelphia, Sept. 24 - Transcend Services, Inc. filed a $75 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers debt securities, preferred stock, common stock and warrants. The securities may be structured as convertibles.

The proceeds will be used to fund future acquisitions, repay debt and provide working capital.

The registration also includes a secondary offering in which shareholders will sell 1 million shares of common stock. The company will not receive any proceeds of that offering.

Transcend is an Atlanta-based company that provides medical transcription services to hospitals and health care systems.

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