MedQuist Holdings, which provides integrated clinical documentation solutions to over 2,400 hospitals and clinics in the US, announced terms for its IPO on Friday. The Franklin, TN-based company plans to raise $86 million by offering 7.8 million shares at a price range of $10-$12. At the mid-point of the proposed range, MedQuist Holdings will command a market value of $562 million. MedQuist Holdings, which was founded in 1998 and booked $407 million sales for the 12 months ended September 30, 2010, plans to list on the NASDAQ under the symbol MEDH. Lazard Capital Markets, Macquarie Capital and RBC Capital Markets are the lead underwriters on the deal, for which timing was not disclosed.
