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MEDQUIST REDEEMS SHARES IN SURGERY CENTER SALE

 GIBBSBORO, N.J., Sept. 30 /PRNewswire/ -- MedQuist Inc. (NASDAQ: MEDQ) reported today that it has completed the redemption of shares of common stock of its largest shareholder, HCSF, Inc., as part of the terms for the sale of its ambulatory surgery center.
 HCSF held 999,250 shares of MedQuist common stock or 32.3 percent of the company's total outstanding shares.
 HCSF also paid $1.8 million in cash and assumed existing liabilities of more than $700,000.
 Richard J. Censits, MedQuist's chairman, president and chief executive officer, said the sale of the surgery center is in line with the company's strategy to position MedQuist as a national provider of business and information services to the health care industry. Since mid-1992, the company has executed an accelerated development program to expand its core business while divesting its regional home and ambulatory care service lines. The sale of the surgery center completes this divestiture program.
 /delval/
 -0- 9/30/93
 /CONTACT: Paul E. Weitzel Jr., vice president-corporate development and chief financial officer, 609-782-0300, ext. 403, or Patricia Freebern, vice president-corporate relations, ext. 406, of MedQuist/
 (MEDQ)


CO: MedQuist Inc.; HCSF, Inc. ST: New Jersey IN: PUB SU:

CC-LJ -- PH034 -- 7450 09/30/93 16:10 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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