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MEDQUIST AGREES TO SALE OF SURGERY CENTER

 GIBBSBORO, N.J., Dec. 24 /PRNewswire/ -- MedQuist Inc. (NASDAQ: MEDQ) announced today that it has reached an agreement to sell its ambulatory surgery center for $7.7 million to HCSF, Inc., MedQuist's principal shareholder.
 Under the terms of the agreement, closing on the sale will occur Nov. 1, 1993, or sooner if MedQuist acquires a new receivables management company with pre-tax earnings comparable to those generated by its surgical center. Approximately 7,000 procedures which do not require an overnight hospital stay are performed annually at the Voorhees, N.J., facility.
 The planned sale is in line with MedQuist's overall strategy to position itself as a national health management services company, according to President and Chief Executive Officer Richard J. Censits.
 Earlier this month, MedQuist acquired a $10 million receivables management firm based in Ohio.
 MedQuist provides business and information services to health care providers nationwide. The company also owns and manages a regional medical transportation business serving the New Jersey/Philadelphia markets.
 /delval/
 -0- 12/24/92
 /CONTACT: Patricia Freebern, vice president of corporate relations of MedQuist, 609-782-0300/
 (MEDQ)


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

MK-JS -- PH001 -- 9801 12/24/92 09:16 EST
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Publication:PR Newswire
Date:Dec 24, 1992
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