One Equity Partners, the investment arm of JP Morgan Chase & Co., will acquire M*Modal, formerly known as MedQuist Holdings, for $1.1 billion.
MedQuist, a major medical dictation/transcription services and software firm, in 2011 acquired M*Modal, a speech recognition and natural language processing vendor, for $130 million in cash and stock. That sale followed MedQuist’s 2010 acquisition of bankrupt rival Spheris Inc.
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