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...When the company switches to Nasdaq it will take control of and be known as MedQuist. Should Aim be worried by these departures? It’s a difficult question....
...However results then were skewed by a hefty write-down at MedQuist, a US transcription service under investigation for improper billing practices....
...Philips on Wednesday wrote down the book value of Medquist to ?270m, in line with the price that Medquist shares have been trading at in the over-the-counter market. The impairment charge leaves ?...
...Philips bought control of Medquist for a chunky €1.4bn in 2000, as a move into healthcare services and with the hope of using its own digital and speech recognition technologies to automate Medquist's operations...
...The company will also be mindful of the lessons from the acquisition in 2000 of 71 per cent of Medquist, a US medical services company, where a billing practice investigation triggered a write-down that...
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