Ziegler Serves as Exclusive Financial Advisor to Salar, Inc.
August 08 2011 - 12:17PM
Marketwired
Ziegler, a specialty investment banking firm serving the healthcare
sector, is pleased to announce the successful sale of Salar, Inc.
to Transcend Services. Salar was advised by Ziegler's corporate
finance team.
Salar, Inc. is a leading provider of next-generation clinical
productivity and revenue enhancement solutions to hospitals and
health systems. Salar's integrated suite of electronic
documentation and charge capture solutions enhance electronic
medical record (EMR) adoption and enable physicians to document
patient care more efficiently, while facilitating more accurate
billing and increased reimbursement. Salar's solutions are sold to
hospitals and physician practices either as stand-alone modules or
as components that can be integrated into an existing EMR system.
Founded in 1999 and headquartered in Baltimore, Salar's solutions
are used by leading academic and community hospitals.
Transcend Services is a leading provider of clinical
documentation solutions for healthcare organizations. The company's
high quality transcription services and applications -- along with
leading data extraction and reporting tools -- provide critical
data needed to document patient encounters and help drive clinical
decision-making. Salar's documentation and charge capture tools
will complement Transcend's dictation, speech recognition and
document delivery technologies to help customers achieve broad
physician EMR adoption and maximize physician productivity.
Ziegler's corporate finance team has demonstrated a strong track
record of adding significant value to emerging healthcare services
& technology companies by providing long-term strategic,
financial and industry guidance. Ziegler assists its clients in
forging partnerships with industry leaders, evaluating strategic
opportunities and executing M&A and capital raising
transactions.
For more information about Ziegler and please visit us at
www.Ziegler.com.
About Ziegler: The Ziegler Companies, Inc.
(PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a
specialty investment bank with unique expertise in complex credit
structures and advisory services. Nationally, Ziegler is ranked as
one of the leading investment banking firms in its specialty
sectors of healthcare, senior living, religion and education
finance, as well as corporate finance and FHA/HUD. Headquartered in
Chicago, IL with regional and branch offices throughout the U.S.,
Ziegler creates tailored financial solutions including bond
financing, advisory, private placement, seed capital, M&A, risk
and asset management. Ziegler serves institutional and individual
investors through its wealth management and capital markets
distribution channels.
Certain comments in this news release represent forward-looking
statements made pursuant to the provisions of the Private
Securities Litigation Reform Act of 1995. This client's experience
may not be representative of the experience of other clients, nor
is it indicative of future performance or success. The
forward-looking statements are subject to a number of risks and
uncertainties, in particular, the overall financial health of the
securities industry, the strength of the healthcare sector of the
U.S. economy and the municipal securities marketplace, the ability
of the Company to underwrite and distribute securities, the market
value of mutual fund portfolios and separate account portfolios
advised by the Company, the volume of sales by its retail brokers,
the outcome of pending litigation, and the ability to attract and
retain qualified employees.
Christine McCarty 312 596 1617 Email Contact
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