Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Kumar Venu Raman
 2. Date of Event Requiring Statement (Month/Day/Year)
02/04/2011		 3. Issuer Name and Ticker or Trading Symbol
MedQuist Holdings Inc. [MEDH]
(Last)
(First)
(Middle)
C/O MEDQUIST HOLDINGS INC., 9009 CAROTHERS PARKWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

FRANKLIN, TN 37067		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.10 par value 506,970
D
 
Common Stock, $0.10 par value 110,516
I
See Note (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (2) 08/06/2018 Common Stock 1,240,044 $ 5.01 D  
Employee Stock Option (Right to Buy) 06/18/2007 06/12/2017 Common Stock 56,373 $ 7.88 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kumar Venu Raman
C/O MEDQUIST HOLDINGS INC.
9009 CAROTHERS PARKWAY
FRANKLIN, TN 37067		   X     Vice Chairman  

Signatures

/s/ Mark Sullivan, as Authorized Signatory 02/04/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. Kumar is the sole shareholder of Zeke Limited, which owns 110,516 shares of MedQuist Holdings Inc. common stock jointly with Kane Trade & Finance SA in equal ratio. Mr. Kumar disclaims beneficial ownership of the common stock held by Zeke Limited except to the extent of his pecuniary interest therein.
(2) The options are subject to the following vesting schedule: one-third of the shares vested on August 6, 2009, and one-sixth of the shares vest every six months thereafter, such that the options will be fully vested on August 6, 2011.
 
Remarks:
Exhibit List:  Exhibit 24 - Power of Attorney

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