Suender M&A Advisors is pleased to announce the successful closing of the sale of its client, Landmark Transcription, Inc. to M*Modal Services, Ltd. Suender M&A initiated the transaction and acted as exclusive financial advisor to Landmark. Terms of the transaction are not being disclosed.
Founded in 2004 by Chris and Anne Hopkins, Landmark is a premier provider of medical transcription services. Chris Hopkins, Chief Operating Officer of Landmark said: "The sale of our medical transcription business to M*Modal was the right move for us strategically and in the best interests of our customers and employees. In addition to exceptional service, M*Modal offers state-of-the-art technologies that will meet all of the increasingly complex clinical documentation needs of our customers now and into the future. Anne and I believed that only the largest providers, like M*Modal, are truly capable of handling these evolving needs and, therefore, decided to find an appropriate buyer.
Chris added, "Suender M&A Advisors was key to the successful outcome of this transaction. Selling a business is not something you do every day – if only once in a lifetime. John Suender was our trusted advisor every day and each step of the way. He positioned us for sale, handled complex negotiations, introduced creative business solutions that addressed both our needs and the buyer's needs, and guided us through due diligence and the closing process. His years of transaction, financial and legal experience, together with his very practical perspective, were critical to the transaction as a whole."
Suender M&A provides merger and acquisition advisory services primarily to providers of outsourced health information management and revenue cycle management services, staffing services and other outsourced services. For more information, please visit www.suenderadvisors.com.
M*Modal is a leading healthcare technology provider of advanced clinical documentation solutions, enabling hospitals and physicians to enrich the content of patient electronic health records (EHR) for improved healthcare and comprehensive billing integrity. As one of the largest clinical transcription service providers in the U.S., with a global network of medical editors, M*Modal also provides advanced cloud-based Speech Understanding™ technology and data analytics that enable physicians and clinicians to include the context of their patient narratives into electronic health records in a single step, further enhancing their productivity and the cost-saving efficiency and quality of patient care at the point of care. For more information, please visit www.mmodal.com.
