Medical transcription vendor Transcend Services Inc. has acquired Salar Inc., which sells electronic clinical documentation and charge capture software, for $11 million.
The acquisition is the sixth since January 2009 for Atlanta-based Transcend, but its first buy of an information technology company. Baltimore-based Salar, which generated $4 million in revenue and $1.2 million in operating income during 2010, brings new hospital clients and a new product line to Transcend.
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