Based on customer feedback, eScription was ranked #1 by KLAS in the Transcription and Back-End Speech Recognition category."
KLAS 2006 Top 20 Year-end Report www.healthcomputing.com
Nuance Closes Acquisition of eScription
May 21 , 2008 (Boston, MA) — Nuance Communications, Inc. (NASDAQ: NUAN), the world’s leading supplier of speech solutions, today announced it has closed the acquisition of eScription, a leading provider of Computer Aided Medical Transcription software.
The combination of Nuance and eScription will broaden the capabilities of the Dictaphone® Healthcare division to deliver scalable solutions and future innovations to the rapidly growing market for speech-enabled clinical documentation. In addition to significantly improving the way patient data is captured, processed and used, the combined company’s offerings will help healthcare organizations meet mounting industry pressures, such as spiraling costs, a shrinking pool of domestic medical transcriptionists, and regulations for fully integrated electronic medical records.
“We are excited to join forces with Nuance and expand upon our mission to improve the medical transcription process,” stated Ben Chigier, co-founder of eScription, and General Manager of the eScription Business Unit. Together we can accelerate the realization of our broader, common vision to usher in advanced end-to-end clinical documentation that delivers healthcare organizations tangible value.”
Paul Egerman, co-founder of eScription, and General Manager of the eScription Business Unit continued, “By joining forces with Nuance, we believe that we can hasten the delivery of breakthrough technology for our healthcare customers, and greatly extend and enhance the service we provide.”
eScription, Inc.
eScription, Inc. is the pioneer and leader in Computer Aided Medical Transcription. The company’s software, including patented technology, is based on the simple premise that it is faster to edit than to type. With its products deployed enterprise-wide at healthcare organizations throughout the United States, eScription is helping streamline processes, speed turnaround time, and save costs of medical transcription, without interfering with clinician workflow.
Nuance’s Dictaphone Healthcare Division
Dictaphone Healthcare Solutions, a division of Nuance Communications, provides a comprehensive family of speech-driven clinical documentation and communications solutions. Dictaphone® solutions orchestrate and optimize clinical workflow, reduce transcription expense, raise standards of care via more thorough documentation, deliver results rapidly to meet patient safety guidelines, and heighten clinician satisfaction by making EMR systems easy to use. For more information, please visit www.nuance.com/dictaphone/.
Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications. For more information, please visit www.nuance.com.
Jefferies & Company, Inc. acted as exclusive financial advisor to eScription. eScription was also represented by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Trademark reference: Nuance, the Nuance logo and Dictaphone are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other company names or product names referenced herein may be the property of their respective owners.