Mrecord has speech-to-text technology which is far enough along to eventually integrate into Accentus' products, a spokesperson said.
Current Mrecord chief executive Tushar Parekh will remain as a strategic advisor and will head up operations in his firm's Mumbai office. Other financial and personnel details were not disclosed.
The Ottawa firm works with about 70 per cent of Canada's largest hospitals and is now eyeing the United States and Asia for expansion of its services, with part of its strategy including acquisitions.
This is the third takeover for Accentus in recent months; the company picked up Florida-based ZyloMed and Illinois-based Transolutions Inc. in December to enhance its speech recognition technology.
Wins for the company in 2010 included transcription services for the Queensway Carleton Hospital, and in a single deal, York Central Hospital, Southlake Regional Health Centre and Stevenson Memorial Hospital.
The 10-year-old firm has around 33 local employees and 1,200 transcriptionists, document imaging technicians and coders in Ottawa; worldwide, it has 105 full-time employees and 1,700 contractors.
Accentus was founded with transcription technology and recently expanded its offerings to document imaging and remote coding, with the aim of taking record-keeping out of the hands of its hospital clients and giving more time for health-care providers to focus on patients.
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