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MEDQUIST PLANS INITIAL PUBLIC OFFERING

 MEDQUIST PLANS INITIAL PUBLIC OFFERING
 GIBBSBORO, N.J., March 5 /PRNewswire/ -- MedQuist Inc. announced


today it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 1.5 million common shares.
 Of that total, 643,220 will be offered by the company and 856,780 by selling shareholders. It is currently anticipated that the shares will be offered between $10 and $12 per share.
 MedQuist Inc. (formerly Summit Health Group, Inc.) provides home and ambulatory health care and non-emergency medical transport services to patients primarily throughout central and southern New Jersey. The company also provides accounts receivable collection services to hospitals in southern New Jersey and greater Philadelphia, and consulting and computer software products and services to hospitals nationally.
 Proceeds from the offering will be used to repay debt, make capital expenditures, and for general corporate purposes, including possible acquisitions.
 Wheat First Butcher & Singer Capital Markets and Equitable Securities Corporation will underwrite the offering.
 /delval/
 -0- 3/5/92
 /CONTACT: Bruce Shaeffer of Shaeffer & Associates, 215-546-1660, for MedQuist/ CO: MedQuist Inc. ST: New Jersey IN: HEA SU: OFR


LJ-MP -- PH025 -- 5544 03/05/92 14:53 EST
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Publication:PR Newswire
Date:Mar 5, 1992
Words:194
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