CBaySystems files for US IPO

According to the Associated Press, the medical transcription services company, CBaySystems Holdings Ltd. filed for an initial public offering worth as much as $115 million yesterday.

Based in Franklin, Tenn., CBaySystems handles medical transcription, billing, and coding services for about 2,400 hospitals, clinics, and practices in the U.S. It did not disclose how many shares it plans to sell or when it plans to complete its IPO. It also did not disclose a proposed ticker symbol for its shares.

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CBaySystems files for US IPO worth up to $115M.

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