Wednesday, October 20, 2010

CBAY Systems file for $115 million US IPO

Medical transcription services company CBaySystems Holdings Ltd. on Monday filed for an initial public offering worth as much as $115 million.  The Franklin, Tenn., company handles medical transcription, billing, and coding services for about 2,400 hospitals, clinics, and practices in the U.S. CBaySystems did not say how many shares it plans to sell or when it plans to complete its IPO. It also did not disclose a proposed ticker symbol for its shares.

Read the Businessweek story here.