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MEDQUIST ACQUIRES RECEIVABLES FIRM, SELLS TRANSPORT SERVICE

 GIBBSBORO, N.J., Aug. 10 /PRNewswire/ -- MedQuist Inc. (NASDAQ: MEDQ) reported today it has acquired an Atlanta-based receivables management firm and sold its medical transport service, American Medi-Wheels.
 The transport service was sold to AmNet Inc., which also owns and operates Chaulk Services, Inc., a leading ambulance service provider in New England.
 MedQuist acquired Health Care Collection Service (HCCS), with annual revenues of about $3 million. The Atlanta-based operation will serve as the southeast region for MedQuist's receivables management division.
 Lloyd A. Coffey, former HCCS president and CEO, will continue as vice president of MedQuist's southeast region. Coffey founded the Atlanta company in 1966. He is also a member of the national board of directors of the American Collection Association.
 Today's transactions were part of MedQuist's overall strategy to focus in its core business while divesting its regional home and ambulatory care service lines.
 MedQuist provides business and information services to health care providers nationwide. Its receivables management service facilities are located in New Jersey, Ohio, Texas, Louisiana and Arizona. In addition to receivables management, MedQuist's consulting division provides revenue and cost management consulting services. The consulting division is based in Florida.
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 -0- 8/10/93
 /CONTACT: Paul E. Weitzel Jr., vice president-corporate development and CEO, 609-782-0300, ext. 403 (investors); or Patricia Freebern, vice president-corporate relations, 609-782-0300, ext. 406 (media), both of MedQuist/
 (MEDQ)


CO: MedQuist Inc.; American Medi-Wheels.; AmNet Inc. ST: New Jersey, Georgia IN: SU: TNM

JM-CC -- PH014 -- 1217 08/10/93 13:02 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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