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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 TVqBE4nO2WuOh7vQhTXsItnrrFIz9tGiHDabwhPZBgwmr8aH1myxka3dVj3qGKlO
 tGyHFCyU3+XI+fucCJjG0Q==

<SEC-DOCUMENT>0001181431-11-010268.txt : 20110215
<SEC-HEADER>0001181431-11-010268.hdr.sgml : 20110215
<ACCEPTANCE-DATETIME>20110215132853
ACCESSION NUMBER:		0001181431-11-010268
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110209
FILED AS OF DATE:		20110215
DATE AS OF CHANGE:		20110215

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MedQuist Holdings Inc.
		CENTRAL INDEX KEY:			0001441567
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		9009 CAROTHERS PARKWAY
		CITY:			FRANKLIN
		STATE:			TN
		ZIP:			37067
		BUSINESS PHONE:		866-295-4600

	MAIL ADDRESS:	
		STREET 1:		9009 CAROTHERS PARKWAY
		CITY:			FRANKLIN
		STATE:			TN
		ZIP:			37067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CBaySystems Holdings LTD
		DATE OF NAME CHANGE:	20080730

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lehman Brothers Commercial Corp Asia Ltd
		CENTRAL INDEX KEY:			0001511899
		STATE OF INCORPORATION:			K3

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35069
		FILM NUMBER:		11613441

	BUSINESS ADDRESS:	
		STREET 1:		C/O KPMG, EIGHTH FLOOR, PRINCES BUILDING
		STREET 2:		10 CHARTER ROAD
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000
		BUSINESS PHONE:		852.2140.2888

	MAIL ADDRESS:	
		STREET 1:		C/O KPMG, EIGHTH FLOOR, PRINCES BUILDING
		STREET 2:		10 CHARTER ROAD
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd301523.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-02-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001441567</issuerCik>
        <issuerName>MedQuist Holdings Inc.</issuerName>
        <issuerTradingSymbol>MEDH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001511899</rptOwnerCik>
            <rptOwnerName>Lehman Brothers Commercial Corp Asia Ltd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O KPMG, 8TH FLOOR, PRINCES BUILDING</rptOwnerStreet1>
            <rptOwnerStreet2>10 CHATER ROAD</rptOwnerStreet2>
            <rptOwnerCity>CENTRAL, HONG KONG</rptOwnerCity>
            <rptOwnerState>K3</rptOwnerState>
            <rptOwnerZipCode>SAR</rptOwnerZipCode>
            <rptOwnerStateDescription>HONG KONG</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>COMMON STOCK PAR VALUE U$0.10 PER SHARE</value>
            </securityTitle>
            <transactionDate>
                <value>2011-02-09</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2011-02-09</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1330725</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>8.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2897859</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>THE REPORTING PERSON SOLD SHARES AS PART OF THE INITIAL PUBLIC OFFERING OF SHARES OF COMMON STOCK IN MEDQUIST HOLDINGS INC.</remarks>

    <ownerSignature>
        <signatureName>/s/ Edward Middleton</signatureName>
        <signatureDate>2011-02-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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