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Together, we are all trying to build our fortune by finding well-run companies at bargain-basement prices. But it takes work -- scouring company earnings reports, scrutinizing key data, and assessing the competition.
The Atlanta-based provider of medical transcription services (NASDAQ: TRCR) had net income of $1.84 million and earnings of 20 cents a share, compared with net income of $1.48 million and earnings of 17 cents a share. Third-quarter revenue rose about 52 percent to $18.5 million.
http://atlanta.bizjournals.com/atlanta/stories/2009/10/26/daily51.html?ana=from_rss
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ATLANTA, Oct 06, 2009 (BUSINESS WIRE) --
TRANSCEND SERVICES, INC. (NASDAQ: TRCR) today announced that it will release its third quarter 2009 earnings before the market opens on Wednesday, October 28, 2009. Transcend invites you to attend its third quarter 2009 conference call on Wednesday, October 28, 2009 at 11:00 a.m. Eastern Time.
To participate in the conference call, please dial (800) 815-8193 (the US/Canada dial-in number) or (706) 643-2724 (the international dial-in number), enter the conference identification number 33661006 and, if asked, identify the conference name as Transcend Services and the leader name as Larry Gerdes. A replay of the conference call will be available by dialing (800) 642-1687 (US/Canada) or (706) 645-9291 (international) and entering the conference identification number 33661006 from two hours after the completion time of the conference call until midnight on November 4, 2009.
About Transcend Services, Inc.
Transcend believes that accurate, reliable and timely transcription creates the foundation for the patient medical record. To this end, the Company has created Internet-based, speech-recognition enabled, voice-to-text systems that allow its skilled medical language specialists to securely and quickly produce the highest quality medical documents. The Company's wide range of transcription and editing services encompass everything needed to securely receive, type, edit, format and distribute electronic copies of physician-dictated medical documents, from overflow projects to complete transcription outsourcing. For more information, visit http://www.transcendservices.com.
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended and pursuant to the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to financial results and plans for future business activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competitive pressures, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, lower-than-expected demand for the Company's products and services, business conditions in the integrated health care delivery network market, difficulties in implementing our offshore outsourcing objectives, general economic conditions, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such speak only as of the date made.
SOURCE: Transcend Services, Inc.
Transcend Services, Inc. Larry Gerdes, 678-808-0600 (CEO) larry.gerdes@trcr.com or Lance Cornell, 678-808-0600 (CFO) lance.cornell@trcr.com
Tags: business canada conference earnings editing financial results health internet market medical nasdaq products revenue securities
Companies: Transcend Services, Inc (TRCR), Transcend Services, Inc (TRCR)
Sep 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Transcend Services, Inc., a medical transcription outsourcing company, has acquired Medical Dictation Services, Inc., a medical transcription company. Both the companies are based in the US.
Announcement (August 26, 2009):
Transcend has entered into a definitive agreement to acquire Medical Dictation Services for a consideration of $16.20 million.
The total consideration comprises $10.2 million in cash payable at closing, $2 million in cash payable after receipt of interim financial statements and audited financial statements for the last two fiscal years, $2 million note payable to the selling shareholder due one year after closing, and $2 million through the issue of 119,940 shares of Transcend common stock.
The initial cash portion of the purchase price is expected to be funded using a combination of cash on hand and up to $7 million in bank term debt.
The transaction is expected to close by August 31, 2009.
KPMG Corporate Finance, LLC and Suender M&A Advisors, LLC are acting as financial advisors to Medical Dictation Services.
Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-08-31
Deal Participants
Target (Company) Medical Dictation Services, Inc. Acquirer (Company) Transcend Services, Inc.
Deal Rationale
The acquisition will expand Transcend's national footprint with Medical Dictation Services' strong presence in the mid-Atlantic region.
Tags: acquisition bank corporate debt finance medical note
Companies: Transcend Services, Inc (TRCR)
Oct 07, 2009 (Wall Street Horizon via COMTEX) --
Transcend Services Inc. (TRCR)
Expected next earnings release: Announcement date: 10/28/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 10/28/2009 Conference Call Time (ET): 11:00 AM Conference Call URL: http://www.transcendservices.com/investors.asp
Tags: conference corporate earnings market
Companies: Transcend Services, Inc (TRCR), Transcend Services, Inc (TRCR)
Sep 11, 2009 (SmarTrend(R) News Watch via COMTEX) --
9/11/2009 - Transcend Services Inc. (NASDAQ:TRCR) said Friday that it secured a five-year single-source contract with Health Management Associates Inc. (NYSE:HMA). The value of the contract was not disclosed. The contract expands the existing relationship the two companies have. Transend had individual contracts with about 45 of Health Management's 56 hospitals and this contract will include hospitals that are currently using other transcription service providers. Transcend expects the new agreement to add about 4 cents per share to its annual earnings.
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: contract health market nasdaq nyse securities
Companies: Health Management Association, Inc. (HMA), Transcend Services, Inc (TRCR)
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Stock earnings, recommendations and SEC filings for Transcend Services, Inc.
The Transcend Services Inc Financial Report contains the company’s contact information, details, business overview, shares information, stock performance history, price and volume figures, dividends, market related data including relative strength, valuation and revenues.
http://www.researchandmarkets.co.uk/reportinfo.asp?cat_id=159&report_id=332358&p=6
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Transcend Services, Inc. is a centralized resource for individuals with transportation and interpretation needs. From ambulatory and wheelchair transport to on-site language ...
Outsourced typing and software to address the needs of electronic medical records processing. Includes overview of services, FAQ, contact data and a free trial offer.
Get the latest TRCR - Transcend Services Incorporated stock market performance data. TheStreet is the source for financial market news, trading stock, quotes, and personal finance ...
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http://www.portfolio.com/resources/company-profiles/Transcend-Services-Incorporated-1757