Total eMed to be bought for $352 million

Nashville's Total eMed Inc., a two-year-old Web-based medical transcription service for ambulatory physicians, will be bought by MedicaLogic Inc. (MDLI) for $352 million in MedicaLogic stock, the companies have announced.

The local, privately held company allows doctors to update patient records through the use of digital voice capture, dedicated circuits and the Internet. It is headed by Richard Rehm.