|[April 27, 2012]
Nuance Closes Acquisition of Transcend
BURLINGTON, Mass. --(Business Wire)--
Communications, Inc. (NASDAQ: NUAN) today announced that the company
has closed the acquisition of Transcend Services, Inc. (NASDAQ: TRCR), a
leading provider of medical transcription and speech editing services.
The combination of Nuance (News - Alert) and Transcend will significantly improve the
way patient data is captured, processed and used across the small- to
mid-size hospital market, which comprises approximately 90 percent of
hospitals in the U.S. Nuance will build upon Transcend's market
leadership among this group of hospitals, expanding its customer base
through the delivery of voice-enabled and Clinical Language
Understanding-powered (CLU) solutions that help healthcare organizations
of all sizes achieve Meaningful Use and accelerate the transition to
The combined company's offering will aid healthcare organizations' chief
financial officers to lower costs associated with the administration and
management of traditional clinical documentation and medical
transcription processes, allowing them to prioritize core business
activities, financial goals and patient care initiatives.
The company will provide guidance on the financial impact of the
acquisition in conjunction with its second quarter 2012 earnings release
on May 10th.
Transcend Services, Inc.
Transcend Services, Inc. (NASDAQ:
TRCR) provides premium quality transcription nd clinical documentation
services to the healthcare industry. Its services encompass a wide range
of solutions - people, products and processes - designed to turn medical
dictation into meaningful electronic documents. Transcend provides its
clients with exceptional quality, turnaround time and service so that
they can focus on what matters most - their patients. For more
information, visit www.transcendservices.com.
Nuance Healthcare, a division of Nuance Communications (News - Alert), is the market
leader in providing clinical understanding solutions that accurately
capture and transform the patient story into meaningful, actionable
information. Thousands of hospitals, providers and payers worldwide
trust Nuance voice-enabled clinical documentation and analytics
solutions to facilitate smarter, more efficient decisions across the
healthcare enterprise. These solutions are proven to increase clinician
satisfaction and HIT adoption, supporting organizations to achieve
Meaningful Use of EHR systems and transform to the accountable care
model. Recognized as "Best-in-KLAS" 2004-2011 for Speech Recognition we
invite you to learn more, http://www.nuance.com/for-healthcare/index.htm.
Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of
voice and language solutions for businesses and consumers around the
world. Its technologies, applications and services make the user
experience more compelling by transforming the way people interact with
devices and systems. Every day, millions of users and thousands of
businesses experience Nuance's proven applications. For more
information, please visit www.nuance.com.
Safe Harbor and Forward-Looking Statements
This document contains forward-looking statements within the meaning of
the federal securities laws. Any statements that are not statements of
historical fact (including statements containing the words "believes,"
"plans," "anticipates," "expects," or "estimates" or similar
expressions) should be considered to be forward-looking statements,
including, but not limited to, statements regarding the anticipated
benefits of the Transcend acquisition, the combined company's product
offerings and the expansion of Transcend's customer base. Such
forward-looking statements are based on current expectations and involve
inherent risks and uncertainties, and actual outcomes and results could
differ materially from current expectations. There are a number of
important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including: the ability of Nuance to successfully integrate operations
and employees of the acquired business; the ability to realize
anticipated synergies from the acquired business; and the other factors
described in Nuance's annual report on Form 10-K for the fiscal year
ended September 30, 2011 and quarterly report on Form 10-Q for the
quarter ended December 31, 2011 filed with the Securities and Exchange
Commission. Nuance disclaims any obligation to update any
forward-looking statements as a result of developments occurring after
the date of this document.
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