MD-IT Acquires MedTrans Unlimited of Austin, Texas

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MD-IT, a provider of medical transcription services and software for physician offices and ambulatory clinics, announced today that it has expanded its presence in Texas with the acquisition of MedTrans Unlimited of Austin.

MD-IT, a provider of medical transcription services and software for physician offices and ambulatory clinics, announced today that it has expanded its presence in Texas with the acquisition of MedTrans Unlimited of Austin. MedTrans' owners Susan and Simon Shaw received a combination of cash and stock in the transaction, and have joined MD IT's management team.

"I have loved working in this industry for over twenty years, because it is ever changing and we must constantly learn new technologies to help our clients," said Ms. Shaw. "We joined MD IT because its focus and vision of the direction of the transcription industry are in keeping with our own. We have always felt that ambulatory care practices should and could have access to technologies just as their larger counterparts in the hospital industry. MD-IT's excellent technology platform allows us to offer many additional and advanced services to our clients."

"We are really pleased that the Shaws and their talented team of professionals have chosen to join us," stated Thomas Carson, president and CEO of MD IT. "MedTrans Unlimited is a leading medical transcription service with unparalleled service and quality. They serve a wide variety of medical specialties, and are recognized nationwide for their expertise in cardiology."

MD IT specializes in serving physician offices and ambulatory clinics, a market estimated at $7 billion out of the $10 billion spent annually on medical transcription in the US. Hospitals account for the remaining $3 billion. MD-IT's technology platform enables physicians to spend more time with patients and family, and less time on the paperwork required to document patient visits.

About MD-IT
MD-IT provides Intelligent Transcription services and software to 5,000 physicians and clinicians in over 565 medical practices and hospitals throughout the United States. The company combines the benefits of local office ownership with the resources of a national company to offer personalized service supported by leading technology. The privately held company is located in Boulder, CO, with regional offices in Colorado, Florida, Indiana, Kentucky, Maine, Maryland, Minneapolis, Oregon and Texas. Additional information can be found at http://www.md-it.com.

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THOMAS CARSON
MD-IT
720-932-6262
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Robin Daigh
MD-IT
720-932-6262
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