Navigation Links
MedQuist Announces Establishment of Revolving Credit Facility and Payment of Special Cash Dividend
Date:9/2/2009

MOUNT LAUREL, N.J., Sept. 2 /PRNewswire-FirstCall/ -- MedQuist Inc. (Nasdaq: MEDQ) today announced it has entered into a five-year $25 million revolving credit facility. The credit facility provides committed revolving funding through August 2014 and includes an option whereby the Company may increase its maximum credit up to $40 million, based on certain terms and conditions. The credit facility is a working capital facility that may be used for general corporate purposes. The Company does not currently anticipate borrowing under the credit facility.

Separately, the MedQuist Board of Directors, at a meeting held on August 27, 2009, unanimously declared a special cash dividend of $1.33 per share on MedQuist's common stock. The dividend will be paid on September 15, 2009 to shareholders of record as of the close of business on September 9, 2009. While the analysis of the tax impact of the dividend has not been completed, the Company expects a significant portion of the distribution will not be a taxable dividend for U.S. income tax purposes.

Robert Aquilina, Chairman of the Board, stated, "In declaring this special cash dividend, the Board considered the Company's financial position, earnings, earnings outlook, capital spending plans and other relevant factors. The Board continues to explore opportunities to enhance returns on shareholder equity."

About MedQuist:

MedQuist is a leading provider of medical transcription services, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions -- including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors -- help healthcare facilities improve patient care, increase physician satisfac
'/>"/>

SOURCE MedQuist Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. MedQuist Re-launches New, Improved Web Site
2. MedQuist Updates Status of Outstanding SEC Filings
3. MedQuist and MedAssets Sign Multi-Year Contract for Clinical Documentation Workflow Solutions
4. MedQuist Evaluating Whether a Sale of the Company is in the Best Interests of the Company and its Shareholders
5. MedQuist Files Preliminary Proxy Statement and Applies for Listing on NASDAQ
6. MedQuist Announces Appointment of Brian ODonoghue and Mark E. Schwarz to its Board of Directors
7. Leading Arizona Radiological Group Selects MedQuist for Speech Recognition Solution
8. MedQuist Announces Entry Into Settlement Term Sheet Resolving South Broward Litigation
9. MedQuist Technology Solutions to Power Documentation Workflow at New England Facility
10. MedQuist to Get New Majority Stakeholder
11. MedQuist Announces Dismissal of South Broward Litigation and Appointment of New Interim President & CEO
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/28/2015)... ... 2015 , ... Darryl Worley’s Annual Tennessee River Run events ... of raising money for the Darryl Worley Foundation. Worley will host Wade Hayes, ... Saturday, Oct. 3. , This year’s concert will have a second stage showcasing ...
(Date:7/28/2015)... ... 28, 2015 , ... Autism is the fastest growing serious ... with the disorder. For these families, identifying and paying for the help they ... That’s where Talk About Curing Autism (TACA), a national non-profit organization dedicated to ...
(Date:7/28/2015)... Jose, CA (PRWEB) , ... July 28, 2015 ... ... services, intelligent gateways, and embedded building blocks for edge devices that enable the ... equipped with 4th generation Intel® Core™ i7/i5 processor to provide exceptional computing power ...
(Date:7/28/2015)... ... July 28, 2015 , ... OrthAlign, Inc., a privately held ... system, a palm-sized, single-use navigation device for Total Hip Arthroplasty (cup placement, leg ... in a revolutionary way for Total Knee Arthroplasty surgeries and is now doing ...
(Date:7/28/2015)... FL (PRWEB) , ... July 28, 2015 , ... On ... state officials refused to schedule the hearing of proposed bills and laws revolving the ... of new infections to date. Some vigilante ministers are continuing to hand out clean ...
Breaking Medicine News(10 mins):Health News:Worley’s 14th Tennessee River Run Will Host Wade Hayes, Lorrie Morgan, Tracy Lawrence and Others 2Health News:Worley’s 14th Tennessee River Run Will Host Wade Hayes, Lorrie Morgan, Tracy Lawrence and Others 3Health News:National TACA Autism Conference Offers Hope and Help to Families Affected by Autism 2Health News:ADLINK Launches High Performance, Fully-Sealed Medical-Grade Panel PC 2Health News:ADLINK Launches High Performance, Fully-Sealed Medical-Grade Panel PC 3Health News:OrthAlign, Inc. Announces U.S. Commercial Launch of ORTHALIGN PLUS®, the most complete handheld navigation device for use in Total Hip Arthroplasty Surgery 2Health News:OrthAlign, Inc. Announces U.S. Commercial Launch of ORTHALIGN PLUS®, the most complete handheld navigation device for use in Total Hip Arthroplasty Surgery 3Health News:Needle Exchange Programs Are Delayed in Legislation, West Palm Beach Drug Rehab Comments 2Health News:Needle Exchange Programs Are Delayed in Legislation, West Palm Beach Drug Rehab Comments 3
... Calif.) In one of the first studies to examine ... researchers have found that women diagnosed with the disease during ... women who have the disease and are not pregnant. The ... of preterm labor, the outcomes for the babies is the ...
... in the March 2009 issue of the Journal ... to improvements in the efficacy of the current tuberculosis ... new role for type I interferon, in which it ... immune response against the bacterium known to cause tuberculosis. ...
... gastrointestinal condition , , THURSDAY, Feb. 26 (HealthDay News) ... new genetic targets for drugs to treat Crohn,s ... inflammation of the gastrointestinal tract. , The Children,s ... method, combining a statistical tool that identifies genes ...
... A large new study provides evidence that ... from Parkinson,s disease. The study was released today and will ... Meeting in Seattle, April 25 to May 2, 2009.The study ... (number of years from first menstruation to menopause) had a ...
... The following release was issued today by the ... court ruled against three families claiming vaccines caused autism ... F Kennedy, JR and David Kirby reported Tuesday on ... into autism following the MMR vaccine. Last week, Banks, ...
... decision issued by the U.S. District Court for the ... for the insurance industry. The February 13 ruling from ... the court entered two months earlier establishing that Texas ... policies to advance defense costs incurred in connection with ...
Cached Medicine News:Health News:No differences in survival or neonatal outcomes in pregnancy-associated colorectal cancer 2Health News:No differences in survival or neonatal outcomes in pregnancy-associated colorectal cancer 3Health News:New discovery gives tuberculosis vaccine a shot in the arm 2Health News:Scientists Discover New Drug Targets for Crohn's Disease 2Health News:Reproductive Factors May Protect Women from Parkinson's Disease 2Health News:Reproductive Factors May Protect Women from Parkinson's Disease 3Health News:On the Heels of Court Ruling Denying Autism-Vaccine Link, U.S. Federal Court Declares MMR Vaccine Caused Autism in a Young Boy 2Health News:Patton Boggs Wins Landmark Insurance Case for Client 2
(Date:7/28/2015)... Egalet Corporation (Nasdaq: EGLT ) ... on developing, manufacturing and marketing innovative pain treatments, ... offering of 6,666,667 shares of its common stock ... share. The gross proceeds to Egalet from this ... before deducting the underwriting discounts and commissions and ...
(Date:7/28/2015)...  Alere Inc. (NYSE: ALR ), a global ... release its financial results for the second quarter ended ... call beginning at 8:30 a.m. ET on Tuesday, August ... updates. The conference call will be ... website, or accessed directly through the following link: ...
(Date:7/28/2015)... CARLSBAD, Calif. , July 28, 2015 ... that it will host a live webcast on Tuesday, ... its second quarter 2015 financial results and report on ... may listen to the call by dialing 877-443-5662 or ... replay will be available for a limited time at ...
Breaking Medicine Technology:Egalet Announces Pricing of Public Offering of Common Stock 2Egalet Announces Pricing of Public Offering of Common Stock 3Egalet Announces Pricing of Public Offering of Common Stock 4Alere to Report Second Quarter 2015 Financial Results on August 4, 2015 2Webcast Alert: Isis Pharmaceuticals' Second Quarter 2015 Financial Results Conference Call 2Webcast Alert: Isis Pharmaceuticals' Second Quarter 2015 Financial Results Conference Call 3
... GAITHERSBURG, Md., Aug. 23 Iomai Corporation,(Nasdaq: ... efficacy and,safety results from its double-blind Phase 2 ... has been accepted as a "late breaker",presentation at ... held in Chicago Sept. 17 to 20. ...
... Aug. 22 Novavax, Inc.,(Nasdaq: NVAX ) ... entitled,"Recombinant Baculovirus Derived HIV-1 Virus-Like Particles Elicit Potent,Neutralizing ... in,Seattle by Dr. Weimin Liu, University of Alabama ... results of pre-clinical immunological,studies of improved HIV-1 virus-like ...
Cached Medicine Technology:Iomai Announces Data from Phase 2 Field Study of Travelers' Diarrhea Vaccine Accepted for Presentation at ICAAC 2Pre-clinical Data on Recent Advances with HIV VLP Vaccine Presented at AIDS Vaccine 07 Conference 2Pre-clinical Data on Recent Advances with HIV VLP Vaccine Presented at AIDS Vaccine 07 Conference 3Pre-clinical Data on Recent Advances with HIV VLP Vaccine Presented at AIDS Vaccine 07 Conference 4Pre-clinical Data on Recent Advances with HIV VLP Vaccine Presented at AIDS Vaccine 07 Conference 5
... Instruments incorporate a layered design unique in ... monitored to prevent stray electrosurgical burns along ... insulation failure or capacitive coupling; a well-documented ... into all AEM Instruments provides a neutral ...
SOLOS Endoscopy shares your commitment to provide every patient with the highest quality care available through our ongoing research and development of advanced surgical instruments and diagnostic so...
SOLOS Endoscopy shares your commitment to provide every patient with the highest quality care available through our ongoing research and development of advanced surgical instruments and diagnostic so...
SOLOS Endoscopy shares your commitment to provide every patient with the highest quality care available through our ongoing research and development of advanced surgical instruments and diagnostic so...
Medicine Products: