In April, the company announced a financial restructuring plan that would reduce M*Modal’s debt by more than 55 percent, approximately $350 million. M*Modal has continued operations throughout the bankruptcy period.
“With renewed financial strength, M*Modal is firmly positioned to deliver the highest quality and most advanced clinical documentation to hospitals and physician practices,” said Duncan James, M*Modal’s CEO, in a news release. “Our new capital structure will better support M*Modal’s continued investment in delivering innovative transcription, coding and speech technology solutions, and will provide a stronger foundation to execute on our strategic plans.”
More articles on M*Modal:
M*Modal Set to Emerge from Chapter 11
M*Modal Opens Health IT Center in India
M*Modal Announces Enhancements to iOS 6 Apps
