It's been a busy year for MedQuist Holdings, with a new CEO, several big purchases and a raft of senior leadership changes. The cherry on the cake is that the Franklin-based medical documentation venture has changed its name to M*Modal, the brand of one of its newly acquired properties. MedQuist's ticker symbol also will change to MODL.

“The decision to consolidate global operations under the M*Modal name illustrates our progression from a services-focused business to a provider of technology-enabled services and commercialized proprietary technology solutions,” Davenport added.

The move also supports the Company’s plans to expand the core transcription business, open new markets, significantly increase the sales force and development resources, as well as leverage its significant intellectual property portfolio.