Accentus Inc.

Accentus Inc.

March 15, 2011 10:51 ET

Accentus Acquires Mrecord to Strengthen its Ambulatory Care Technology and Services Offering

OTTAWA, CANADA --(Marketwire - March 15, 2011) - Accentus Inc. a leading provider of Integrated Medical Document Management Solutions for the North American healthcare industry today announced the acquisition of Mrecord. Mrecord is a leader in speech-to-text technology and has offices in Raleigh, North Carolina and Mumbai, India. Accentus will utilize Mrecord's technology platform and software development team to further enhance its ambulatory care service offering.

"Mrecord founder and CEO, Tushar Parekh will continue on as Strategic Advisor, overseeing ambulatory care operations for Asia and retain overall responsibility for Mrecord's India-based development centre," said Stephen Rogers, Chief Executive Officer, Accentus Inc. "We welcome Tushar and his team and look forward to working together to bring cutting edge technologies and best-in-class services to new and existing ambulatory care clients in Canada, the United States, and Asia."

Accentus recently announced the acquisition of ZyloMed and Transolutions. Those acquisitions were completed in December 2010 in the following areas:

Acute care services and advanced transcription technology

Transolutions is a technology-driven healthcare information company providing medical transcription products and services to acute care facilities, clinics, and surgery centres. Transolutions brings an established acute care client base and a strong technology focus. The acquisition adds the APEX information management system enabled with an advanced speech recognition and speech understanding engine to Accentus' technology base driving significant cost savings and workflow efficiencies. Transolutions CEO, Michael Carnrite will continue to lead the US-based acute care services and Apex development teams.

Ambulatory care services

Zylomed Transcription specializes in the creation and delivery of medical reporting for the US ambulatory market. They currently operate in over 35 states in the US and have a large team of US-based transcriptionists. ZyloMed, a leader in the industry, has a strong footprint in the US ambulatory market and presents a significant growth opportunity for Accentus. ZyloMed President Susan Sumner - a key member of ZyloMed's dynamic and experienced leadership team – will continue to lead the US-based ambulatory services team.

About Accentus Inc.

Accentus provides Integrated Medical Document Management Solutions – Transcription, Document Imaging, and Remote Coding – for the creation of electronic health records. Leading hospitals, medical clinics, and independent physicians across North America rely on Accentus to capture accurate and timely patient health information. Combining state-of-the-art technology, human resources, industry knowledge, and value-add services, Accentus, delivers outsourced or co-sourced medical document management solutions based on a pay- and scale- as-you-go business model. Accentus solutions eliminate staffing shortages, provide access to leading SaaS based technologies, boost business efficiencies, and ultimately save healthcare organizations time and money. Accentus was founded in 2001, is headquartered in Ottawa, Canada, and privately funded.

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