![]() Mr Conover said that it is too early to comment on which exchange the shares will be listed on. CBay president Donald Conover said the company is also working on bringing a public issue in the American stock markets in a years time, which will be to the tune of $33 million. The combination of high quality and superior service is why medical professionals have turned to. We take the time to get to know our clients on a one-on-one basis to gain a complete understanding of their transcription needs. In addition, CBay plans to focus on other vertical businesses like account management, billing and coding in India within the next 2-3 months. offers truly personalized medical transcription services. The acquisition overseas would focus more on front-end which is sales and marketing. Conservatively, the company, he added, is looking at making 2-3 acquisitions and affirmed the commitment from his investors to raise more capital if the need arises. In addition to the reverse takeover, Jones Day also. Of the total investment, 50 per cent has been allocated for this. The combination of CBay and MedQuist will create the worlds largest medical transcription company. In addition, the company is also focusing on overseas acquisition. The work allocated to various franchisees is based on quality, turnaround time and the capacity of the respective centres. CBaySystems also has majority stake in Spheris and MedQuest. These services are in turn farmed out to CBays franchisees.ĬBay has three offices in the US and while some parts of the works undertaken includes an onshore component, 95 per cent of the business is offshored to both the company as well as its franchisees. Apart from Mumbai CBay has its offices in Pune, Bangalore, Hyderabad, Vijayvada and Belgaum.The company has over 35 Production Center franchisees across India comprising of 3000 Medical Language Specialists. He added that while the technology provided to the clients are free of charge, the clients are charged on services rendered. Mr Kumar explained that CBay acts as a solution provider for transcription needs which includes providing technology and services. The Godrej Group is an investor in CBay and Nadir Godrej serves on the board of directors. As with the other franchisees with whom we have initiated talks, we plan on owning the transcription centres and integrating it with our own. While it is too early to divulge the specifics, the talks have been initiated. Cbay Transcription Services Private Limi Ted having CIN U72900MH2009PTC191311 is 13 years, 3 months & 27 days old private company.Incorporated on 30 March. ![]() Company officials indicated that as part of this strategy, they have initiated talks with some of its franchisees in India, which includes the Godrej group.ĬBay Systems chairman and CEO V Raman Kumar told FE: Godrej, which is also an investor in the company, is a natural ally. US-based CBay Systems, which is in the medical transcription business, has allocated $10 million to fund its acquisitions in both the domestic as well as the overseas market.
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