CBay Systems buys Spheris for $116. 3 m

The total consideration for the acquisition is US$116 million.
Spheris is a global provider of clinical documentation technology and services and is based in Franklin, Tennessee, with operations in North America and India.
Spheris had consolidated revenues of US$182.8 million and a net loss of US$19.2 million for the year ended 31 December 2008.

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