From time to time, PRN Funding’s medical transcription factoring specialists are asked the following question: What is going on in the medical transcription industry as far as mergers and acquisitions are concerned?

That’s why we took the time to report on Transcend Services’ recent acquisition of Medical Dictation Services, Inc. (MDI).

At the end of August, Transcend Services, the third largest provider of medical transcription services to the U.S. healthcare market, announced that it would acquire Medical Dictation Services, Inc. for $16.2 million.

In a press release issued August 26, MDI Chief Executive Officer, Dorothy Fitzgerald, said: “I recognized that we needed a larger partner to achieve our long-term growth objectives. A critical concern for me was to find a partner that recognized MDI’s potential and was committed to providing excellent customer service.  I am convinced that Transcend is the best partner for MDI, it’s employees and customers.”

KPMG Corporate Finance LLC and Suender M&A Advisors initiated the transaction and co-advised MDI.

Click here to read the entire press release: Transcend Announces Acquisition of Medical Dictation Services, Inc.