Largest medical transcription employers
I like to keep up with any type of developments in my field so I subscribe to Google new alerts for medical transcription and medical transcriptionist. Sometimes I get an interesting tidbit of information but mostly I get financial reports and business updates.
Over the years I’ve read scores of articles about one transcription agency buying out another. For a while it seemed like Transcend Services was being very aggressive about taking over their competitors. Likewise Nuance Communications reported numerous acquisitions. Today’s medical transcription newsflash is the $300 million Nuance is offering to buy out Transcend.
So I wonder is Nuance trying to take over the industry? If this deal goes through will Nuance be the largest medical transcription employer in America? I did a little research and found that in 2011 Nuance reported 7300 employees while Transcend reported 891, so together a little more than 8000 transcriptionists will be employed by Nuance if the deal goes through. Nuance still won’t be the
biggest medical transcription employer though, as Medquist (now known as M Modal) reported 12,000 employees in 2011.
Latest newsflash on M Modal – 8/16/2012
One Equity Partners agreed in July to purchase M Modal for over 1 billion. This is a subsidy of JP Morgan Chase.
6/5/2013 – Mmodal announced that their present CEO has left the company and a new one will be taking over.