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MedQuist Inc.

MedQuist Reports First Quarter 2009 Results

Published in Medicine and Law Weekly, May 22nd, 2009

MedQuist Inc., (NASDAQ:MEDQ) a leading provider of medical transcription services, and a leader in technology-enabled clinical documentation workflow, announced its unaudited operating results for its first quarter ended March 31, 2009.

Net income for the first quarter of 2009 was $6.9 million, an increase of $11.3 million over the first quarter of 2008 when a loss of $4.4 million was reported. Earnings per share for the first quarter of 2009 were $0.18 per compared to a loss of $0.12 per share in the first quarter of 2008.

Adjusted EBITDA (operating income (loss) excluding depreciation, amortization of intangible assets, cost of Investigation and...

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