M*Modal, a leading provider of clinical documentation and Speech Understanding solutions, announced that it expects to emerge from chapter 11 within three weeks following a recent confirmation of the company's reorganization plan by a bankruptcy court, ABLAdvisor.com reported today. The company’s plan reflects the terms of M*Modal's previously announced agreement with its controlling bondholders and lenders on the terms of a financial restructuring plan. Once completed, this financial restructuring will strengthen the company's balance sheet resulting from reducing its debt by more than 55 percent and establishing a capital structure supporting M*Modal's continued investment in clinical documentation services and solutions.
