Printer Friendly

MEDQUIST ANNOUNCES ACQUISITION OF MEDICAL COLLECTION COMPANY

 MEDQUIST ANNOUNCES ACQUISITION OF MEDICAL COLLECTION COMPANY
 GIBBSBORO, N.J., July 8 /PRNewswire/ -- MedQuist Inc. (NASDAQ: MEDQ) today announced it acquired the assets of RME Collections Corporation, a Fort Worth, Texas-based firm specializing in medical receivables.
 MedQuist President and Chief Executive Officer Richard J. Censits said the acquisition is part of the company's strategy for accelerated growth in health management services nationwide.
 RME's annual revenue of $2.2 million is derived from a health care client base that stretches from South Carolina to California, with the largest percentage of business from hospitals in the Texas area.
 Censits reported the RME acquisition would establish a southwest region for MedQuist business and information services, which presently include hospital financial consulting and decision-support computer software systems as well as medical collections. The company's northeast region is based in Gibbsboro.
 Earlier this year MedQuist acquired HCI/InforMED, which gave the company its entry into national markets for hospital financial consulting and computer software systems. The Orlando, Fla.-based facilities are the site of MedQuist's southeast region.
 Headquartered in Gibbsboro, MedQuist provides health management services to hospitals nationally. The company also operates a regional home and ambulatory care business in the New Jersey-Pennsylvania- Delaware markets.
 /delval/
 -0- 7/8/92
 /CONTACT: Patricia Freebern of MedQuist, 609-782-0300/
 (MEDQ) CO: MedQuist Inc. ST: New Jersey, Texas, Florida IN: MTC SU: TNM


MJ-JS -- PH012 -- 7421 07/08/92 12:45 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 8, 1992
Words:233
Previous Article:TIC PROCESS MAKES CERAMIC COMPOSITES AFFORDABLE
Next Article:SOMATIX NAMES SOFRONIEW TO HEAD NEURAL PROGRAM
Topics:


Related Articles
MEDQUIST PLANS INITIAL PUBLIC OFFERING
MEDQUIST RECEIVES ADDITIONAL PROCEEDS FROM INITIAL PUBLIC OFFERING
MEDQUIST REPORTS SECOND QUARTER EARNINGS
MEDQUIST NAMES NATIONAL SALES DIRECTOR FOR BUSINESS SERVICES DIVISION
MEDQUIST COMPLETES ACQUISITION
MEDQUIST PLANS APOTHECARY CLOSING
MEDQUIST REPORTS RECORD EARNINGS FOR 1992
MEDQUIST REPORTS FIRST QUARTER EARNINGS; COMPANY TO ENTER MEDICAL TRANSCRIPTION FIELD
MEDQUIST ENTERS MEDICAL TRANSCRIPTION FIELD; TRANSACTION DOUBLES ANNUAL REVENUES
MEDQUIST FOURTH QUARTER EPS UP 80%; RECORD REVENUE GROWTH IN 1994

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters