Medical Transcription Billing, Corp. (MTBC) to Expand Client Base through Completion of Largest Acquisition since IPO
Before yesterday’s opening bell, Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP) announced the closing of its largest acquisition of revenue cycle management customer accounts and other assets to date. The acquisition, which was completed by MTBC subsidiary MTBC Acquisition Corp., includes substantially all of the assets of both Texas-based MediGain, LLC, and its affiliate, New Jersey-based Millennium Practice Management, LLC. Moving forward, the addition of the two medical billing firms to MTBC’s existing operations is expected to greatly expand the company’s client base, positioning it for significant revenue growth in 2017 and beyond. “We are excited by the opportunity…