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Medical Transcription Billing, Corp.’s (MTBC) Latest Acquisition is Tell-tale of Aggressive Growth Strategy

Company: Medical Transcription Billing, Corp. (MTBC)
Category: Stock Spotlights

Medical Transcription Billing (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of proprietary web-based electronic health records, practice management and mHealth solutions, recently acquired the assets of Texas-based MediGain, LLC and its affiliate, New Jersey-based Millennium Practice Management, LLC. The acquisition marks MTBC’s largest acquisition of revenue cycle management customer accounts and other assets since its IPO in 2014, and is expected to “contribute to our positive Adjusted EBITDA by the end Q1 2017.”

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About MTBC

Medical Transcription Billing, Corp. is a healthcare information technology company that provides a fully integrated suite of proprietary web-based and mobile health solutions, together with related business services, to healthcare providers throughout the United States. Our integrated Software-as-a-Service (or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC’s common stock trades on the NASDAQ Capital Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the NASDAQ Capital Market under the ticker symbol “MTBCP.”

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