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February 3, 2010
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| 13:37 EDT |  | MEDQ |
| theflyonthewall.com: | MedQuist to acquire Spheris | | Spheris announced that it has entered into an agreement under which MedQuist (MEDQ) and CBay, portfolio companies of CBaySystems Holdings, and leading providers of medical transcription software and services, have agreed to purchase substantially all of Spheris' assets pursuant to a transaction that is to be implemented under Section 363 of the United States Bankruptcy Code. In order to commence the sale process, Spheris and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company expects its operations to continue as usual during the restructuring process. :theflyonthewall.com |
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