The Federal Trade Commission has cleared One Equity Partners' $1.1 billion acquisition of M-Modal, a provider of clinical transcription and documentation services and data analytics.
FTC signs off on M-Modal deal
One Equity Partners, the private-equity arm of JP Morgan Chase & Co., made a cash tender offer of $14 per share in cash for Franklin, Tenn.-based M-Modal on July 17 through a wholly owned, newly formed entity, according to the companies' news release. The tender offer and withdrawal rights expire on Aug. 13 unless extended or terminated early, according to the release.
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