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Serving Over 20,000 US Medical Transcriptionists

I had been offered QA for Transcend Services and MXSecure...sm

Posted By: usnure of their reputations on 2006-01-21
In Reply to: need info on editing position - nn

but declined both. MXSecure took forever to check my references, etc...plus I believe they outsource and when questioning the guy, he denied it but their website says so.  So, that turned me away from them.  Transcend Services offers QA for voice recognition.  I was unfamiliar with that and their process, but they sent me equipment quickly and they seemed friendly, but turned them down.  They both had a production quota.  MXSecure's seemed a bit high; Transcend Services seemed more reasonable.  Hope this helps.  This is just what they had told me.  No real experience, though, with working for either.  Good luck!


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The $16.2 million purchase price consists of $10.2 million in cash payable at closing (less any existing indebtedness assumed and plus or minus certain working capital and tax-related adjustments), $2.0 million in cash payable after receipt of interim financial statements and audited financial statements for the last two fiscal years, a $2.0 million note payable to the selling shareholder due one year after closing, and $2.0 million of Transcend common stock (119,940 shares). The initial cash portion of the purchase price is expected to be funded using a combination of cash on hand and up to $7.0 million in bank term debt.


Larry Gerdes, Chief Executive Officer of Transcend, said, MDI's strong presence in the mid-Atlantic region significantly expands Transcend's national footprint. We are confident that MDI's culture of excellence and total commitment to customers and employees will help ensure the success of this transaction. We look forward to working together to integrate our operations over the next several months.


I recognized that we needed a larger partner to achieve our long-term growth objectives, said MDI Chief Executive Officer Dorothy Fitzgerald. 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, its employees and customers.


Sue McGrogan, Transcend's President and Chief Operating Officer added, I have known Dorothy Fitzgerald for years. Like me, Dorothy is committed to outstanding customer service, which is reflected in her high customer retention rates. In her new role, Dorothy will be President of our MDI subsidiary. She will report to Leo Cooper, Executive Vice President of Sales and Marketing, in order to focus on driving future growth, particularly in the mid-Atlantic region.


http://localtechwire.com/business/local_tech_wire/news/blogpost/5878284/


 


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--- Things are seldom what they seem -- skim milk masquerades as cream.  W.S. Gilbert


MxSecure?

I need info on this company from somebody that currently works for them. (i.e. easy to make lines, work load, etc).


TIA!


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Hi. I worked there for 3 years, and quit last september for the same reason, among others. I asked them about this. They admitted that they outsource to India, but that wasn't the problem. Right. Anyway, it's really too bad, because I have worked at 3 difference companies now, including Transcend and the one I'm at now, and cannot get near the line count I was gettting on the Mx platform. I was even thinking about going back part time if they hire part timers yet. They didn't used to. Anyway, hope this helps. Good Luck
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