|
Get Full Access To This Report | or | Upgrade to PrivCo Premium |
| $99 Single Company Access | Instant Full Site-Wide Access Currently 50% Off Until May. 31! |
Spheris, Inc
Spheris, Inc has been acquired by a public company.
PrivCo has ceased its coverage of Spheris, Inc and below is the archived report.
Business Summary
Spheris Inc is a privately-held company that specializes in clinical documentation technology and services. Spheris Inc was founded in 1998 and is headquartered in Franklin, Tennessee.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1998 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| City: | Franklin |
| State/Province: | Tennessee |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.spheris.com |
Corporate Organization
| Parent Companies: |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| Revenues | View | View | View | View | View | View | $209,030,000 | $152,680,000 |
| Cost of Goods and Services Sold | View | View | View | $154,274,000 | $113,795,000 | |||
| Selling and Marketing Expenses | View | View | View | $5,265,000 | $4,340,000 | |||
| General and Administrative Expenses | View | View | View | $18,337,000 | $14,504,000 | |||
| Depreciation and Amortization | View | View | View | $26,642,000 | $14,241,000 | |||
| Restructuring Charges | View | View | View | |||||
| Total Operating Expenses excluding costs | View | View | View | $146,880,000 | ||||
| Cost and Operating Expenses | $204,518,000 | |||||||
| Operating Income/(Loss) | View | View | View | $4,514,000 | $5,797,000 | |||
| Net Interest Income/(Expense) | View | View | View | ($20,307,000) | ($4,557,000) | |||
| Other Non-operating Gains/(Losses) | View | View | View | $0 | ($4,595,000) | |||
| Foreign Currency Exchange Gains/(Losses) | View | View | View | $287,000 | $31,000 | |||
| Non-operating Income/(Expense) - Other | View | View | View | $140,000 | ($18,000) | |||
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | ($15,366,000) | ($3,342,000) | |||
| Provision for Income Taxes | View | View | View | ($5,126,000) | ($293,000) | |||
| Net Income (Loss) | View | View | View | ($10,240,000) | ($3,049,000) |
| Balance Sheet | 2008 | 2007 | 2006 | 2005 |
| Cash and Cash Equivalents | View | View | View | $7,339,000 |
| Current Restricted Cash | View | View | View | $1,055,000 |
| Net Accounts Receivable Trade | View | View | View | $30,715,000 |
| Current Deferred Income Taxes | View | View | View | $1,374,000 |
| Prepaid Expenses | View | View | View | |
| Current Other Assets | $2,389,000 | |||
| Current Assets | View | View | View | $42,872,000 |
| Internal Use Computer Software | $8,153,000 | |||
| Other Property, Plant and Equipment, Net | $9,152,000 | |||
| Net Property, Plant and Equipment | View | View | View | |
| Goodwill | View | View | View | $211,116,000 |
| Finite-Lived - Computer Software | View | View | View | |
| Finite-Lived - Contractual Rights | View | View | View | |
| Noncurrent Other Assets | View | View | View | $48,993,000 |
| Assets | View | View | View | $320,286,000 |
| Accounts Payable | View | View | View | $3,030,000 |
| Accrued Salaries | $14,094,000 | |||
| Employee Related Liabilities | View | View | View | |
| Current Portion of Long-Term Debt | View | $750,000 | ||
| Current Capital Lease Obligations | $221,000 | |||
| Current Debt and Capital Lease Obligations | View | View | ||
| Current Other Liabilities | View | View | View | $4,606,000 |
| Current Liabilities | View | View | View | $22,701,000 |
| Long-Term Debt | $195,702,000 | |||
| Capital Lease Obligations - Long-Term | $105,000 | |||
| Debt and Capital Lease Obligations - Long-Term | View | View | View | |
| Deferred Tax Liability | View | View | View | $10,375,000 |
| Noncurrent Other Liabilities | View | View | View | $716,000 |
| Liabilities | View | View | View | $229,599,000 |
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View | $0 |
| Additional Paid in Capital | View | View | View | $102,301,000 |
| Retained Earnings | View | View | View | ($11,525,000) |
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | View | ($89,000) |
| Stockholders' Equity | View | View | View | |
| Liabilities and Stockholders' Equity | View | View | View | $320,286,000 |
| Cash Flow Statement | 2008 | 2007 | 2006 | 2005 | 2004 |
| Operating Activities Beginning Net Income | View | View | View | ($10,240,000) | ($3,049,000) |
| Adjustment Amortization - Intangibles (Non-Productive) | View | View | View | ||
| Amortization | View | View | View | $721,000 | $442,000 |
| Depreciation and Amortization | View | View | View | $26,642,000 | $14,241,000 |
| Restructuring Charges | View | View | View | ||
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | ($38,000) | ||||
| Adjustments to Foreign Currency Exchange Gains/(Losses) | ($22,000) | ||||
| Adjustment for Equity Based Compensation Expense | View | View | View | $66,000 | $978,000 |
| Adjustment Write Off of Intangible Asset Excluding Goodwill | $0 | ||||
| Adjustment Write Off of Other | $0 | ||||
| Adjustment Derivatives | View | View | View | ($4,000) | |
| Adjustment Realized Gains Losses On Sale Asset | View | View | View | $25,000 | |
| Deferred Income Taxes | View | View | View | ($5,633,000) | ($782,000) |
| Adjustment Extraordinary Items | $0 | ($4,595,000) | |||
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | View | View | View | ||
| Change Accounts Receivable | View | View | View | $1,107,000 | ($2,556,000) |
| Increase/(Decrease) in Other Current Assets | $122,000 | ||||
| Change Prepaid Expenses Other Current Assets | View | View | View | $633,000 | |
| Increase/(Decrease) in Other Non-operating Assets | ($573,000) | ||||
| Increase/(Decrease) in Accounts Payable | View | View | View | $324,000 | ($570,000) |
| Increase/(Decrease) in Employee Related Liabilities | View | View | View | $1,418,000 | $1,386,000 |
| Increase/(Decrease) in Other Current Liabilities | View | View | View | ($2,811,000) | ($26,000) |
| Net Other Increase/(Decrease) in Working Capital | View | View | View | $1,189,000 | |
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | $9,341,000 | $18,520,000 |
| Purchase of Property, Plant and Equipment | View | View | View | $5,038,000 | $3,170,000 |
| Acquisition of Businesses, Net of Cash Acquired | View | View | View | $0 | $286,726,000 |
| Software Development Costs | View | View | View | $1,071,000 | |
| Purchase Software | $2,384,000 | ||||
| Proceeds from Sale of Property, Plant and Equipment | $198,000 | ||||
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | ($6,109,000) | ($292,082,000) |
| Proceeds from Lines of Credit | $0 | $45,000,000 | |||
| Proceeds from Subordinated Debt | $125,000,000 | ||||
| Repayments on Lines of Credit | $750,000 | $71,540,000 | |||
| Proceeds from Senior Debt | View | View | View | ||
| Reduction of Capital Lease Obligations | View | View | View | $212,000 | $0 |
| Repayments from Senior Debt | View | View | View | ||
| Repayments of Other Long-Term Debt | $884,000 | ||||
| Net Change Other Debt | $0 | ||||
| Debt Issuance Costs | View | View | View | $337,000 | $9,170,000 |
| Contributions from - Affiliates | View | View | View | $350,000 | |
| Cash Provided by/(Used in) Financing Activities - Other | $186,403,000 | ||||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | ($1,833,000) | $275,693,000 |
| Effect of Exchange Rate on Cash and Cash Equivalents | View | View | View | ($111,000) | |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | $1,288,000 | $2,131,000 |
| Cash and cash equivalents at the beginning of the year | View | View | View | $6,051,000 | $0 |
| Total Cash and cash equivalents at the end of the year | View | View | View | $7,339,000 | $6,051,000 |
| Income Taxes Paid | View | View | View | $619,000 | $125,000 |
| Cash Interest Expense | View | View | View | $18,473,000 | $4,295,000 |
| Supplemental Property Plant Equipment Acquired | View | View | View | $0 | |
| Fair Value of Assets Acquired | $0 | ||||
| Supplemental Tax Benefit Stock Option Exercised | View | View | View | ||
| Supplemental Other Net | View | View | View | $0 | $5,759,000 |
| Financial Notes: | |
| * | Spheris, Inc fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Spheris, Inc financials to Excel and create your own graphs.)
To view the graphs below, unlock this company report for $99 or Upgrade to a PrivCo Premium Subscription for site-wide access to all PrivCo private company research reports.
Spheris, Inc Revenues ($ MM): |
Spheris, Inc Cost of Goods and Services Sold ($ MM): |
Spheris, Inc Selling and Marketing Expenses ($ MM): |
Spheris, Inc General and Administrative Expenses ($ MM): |
Spheris, Inc Depreciation and Amortization ($ MM): |
Spheris, Inc Restructuring Charges ($): |
Spheris, Inc Total Operating Expenses excluding costs ($ MM): |
Spheris, Inc Operating Income/(Loss) ($ MM): |
Spheris, Inc Net Interest Income/(Expense) ($ MM): |
Spheris, Inc Other Non-operating Gains/(Losses) ($ MM): |
Spheris, Inc Foreign Currency Exchange Gains/(Losses) ($ MM): |
Spheris, Inc Non-operating Income/(Expense) - Other ($ MM): |
Spheris, Inc Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
Spheris, Inc Provision for Income Taxes ($ MM): |
Spheris, Inc Net Income (Loss) ($ MM): |
Spheris, Inc Cash and Cash Equivalents ($ MM): |
Spheris, Inc Current Restricted Cash ($ MM): |
Spheris, Inc Net Accounts Receivable Trade ($ MM): |
Spheris, Inc Current Deferred Income Taxes ($ MM): |
Spheris, Inc Prepaid Expenses ($ MM): |
Spheris, Inc Current Assets ($ MM): |
Spheris, Inc Net Property, Plant and Equipment ($ MM): |
Spheris, Inc Goodwill ($ MM): |
Spheris, Inc Finite-Lived - Computer Software ($ MM): |
Spheris, Inc Finite-Lived - Contractual Rights ($ MM): |
Spheris, Inc Noncurrent Other Assets ($ MM): |
Spheris, Inc Assets ($ MM): |
Spheris, Inc Accounts Payable ($ MM): |
Spheris, Inc Employee Related Liabilities ($ MM): |
Spheris, Inc Current Portion of Long-Term Debt ($): |
Spheris, Inc Current Debt and Capital Lease Obligations ($): |
Spheris, Inc Current Other Liabilities ($ MM): |
Spheris, Inc Current Liabilities ($ MM): |
Spheris, Inc Debt and Capital Lease Obligations - Long-Term ($ MM): |
Spheris, Inc Deferred Tax Liability ($ MM): |
Spheris, Inc Noncurrent Other Liabilities ($ MM): |
Spheris, Inc Liabilities ($ MM): |
Spheris, Inc Additional Paid in Capital ($ MM): |
Spheris, Inc Retained Earnings ($ MM): |
Spheris, Inc Other Accumulated Comprehensive Income, Net of Tax Effect ($ MM): |
Spheris, Inc Stockholders' Equity ($ MM): |
Spheris, Inc Liabilities and Stockholders' Equity ($ MM): |
Spheris, Inc Operating Activities Beginning Net Income ($ MM): |
Spheris, Inc Adjustment Amortization - Intangibles (Non-Productive) ($): |
Spheris, Inc Amortization ($): |
Spheris, Inc Depreciation and Amortization ($ MM): |
Spheris, Inc Restructuring Charges ($): |
Spheris, Inc Adjustment for Equity Based Compensation Expense ($): |
Spheris, Inc Adjustment Derivatives ($ MM): |
Spheris, Inc Adjustment Realized Gains Losses On Sale Asset ($): |
Spheris, Inc Deferred Income Taxes ($ MM): |
Spheris, Inc Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($ MM): |
Spheris, Inc Change Accounts Receivable ($ MM): |
Spheris, Inc Change Prepaid Expenses Other Current Assets ($): |
Spheris, Inc Increase/(Decrease) in Accounts Payable ($ MM): |
Spheris, Inc Increase/(Decrease) in Employee Related Liabilities ($ MM): |
Spheris, Inc Increase/(Decrease) in Other Current Liabilities ($ MM): |
Spheris, Inc Net Other Increase/(Decrease) in Working Capital ($ MM): |
Spheris, Inc Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
Spheris, Inc Purchase of Property, Plant and Equipment ($ MM): |
Spheris, Inc Acquisition of Businesses, Net of Cash Acquired ($ MM): |
Spheris, Inc Software Development Costs ($ MM): |
Spheris, Inc Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
Spheris, Inc Proceeds from Senior Debt ($ MM): |
Spheris, Inc Reduction of Capital Lease Obligations ($): |
Spheris, Inc Repayments from Senior Debt ($ MM): |
Spheris, Inc Debt Issuance Costs ($ MM): |
Spheris, Inc Contributions from - Affiliates ($ MM): |
Spheris, Inc Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
Spheris, Inc Effect of Exchange Rate on Cash and Cash Equivalents ($ MM): |
Spheris, Inc Increase/(Decrease) in Cash and Cash Equivalents ($ MM): |
Spheris, Inc Cash and cash equivalents at the beginning of the year ($ MM): |
Spheris, Inc Total Cash and cash equivalents at the end of the year ($ MM): |
Spheris, Inc Income Taxes Paid ($ MM): |
Spheris, Inc Cash Interest Expense ($ MM): |
Spheris, Inc Supplemental Property Plant Equipment Acquired ($ MM): |
Spheris, Inc Supplemental Tax Benefit Stock Option Exercised ($ MM): |
Spheris, Inc Supplemental Other Net ($ MM): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Apr. 2010 | Completed | View1 | View | Acquisition Asset Sale | View |
| 1 | The transaction was funded using...Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Missing a deal? Tell us about it! tips@privco.com
Bankruptcy & Restructuring
Detailed Business Description: Spheris, Inc
Company Overview
Spheris, Inc is a leading global provider of clinical documentation technology and services to health systems, hospitals and group medical practices throughout the United States, with significant scale in the highly fragmented clinical documentation marketplace. Spheris, Inc provides clinical documentation technology and service solutions with flexible dictation options for their physician clients, flexible data review options for hospital administrators and well-managed work flow and protocols through Spheris, Inc proprietary MLS workstation software and integrated clinical documentation platforms.
Clinical documentation is the process of converting dictated patient information into a textual format for inclusion in the patient’s medical record and is an integral part of the health information management, or HIM, department for healthcare providers. Clinical documentation is used by many healthcare industry participants to further patient care, support medical… Continue Reading →
Supplemental Resources
|
Get Full Access To This Report | or | Upgrade to PrivCo Premium |
| $99 Single Company Access | Instant Full Site-Wide Access Currently 50% Off Until May. 31! |








