MTBC Announces Acquisition of Regional Revenue Cycle Management Company [Canadian Business Journal (Canada)]
CareCloud, Inc. (MTBC)
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Source: Canadian Business Journal
MTBC Announces Acquisition of Regional Revenue Cycle Management Company SOMERSET, NJ–(Marketwired – Jul 5, 2017) – MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, today announced its recent acquisition of a Washington-based revenue cycle management company’s client accounts and related business assets, which is expected to be accretive to earnings during Q3 2017. “MTBC offers the technology and expertise that our clients are seeking, so we are very excited about this new relationship,” said Rhonda Otte, the founder of the acquired business who now serves as a director of business development for MTBC in the Northwestern United States. She continued, “There’s a significant opportunity to expand MTBC’s client base in our region and I look forward to playing a key role in driving this growth.” Stephen Snyder, President of MTBC, said, “This transaction allows us to leverage our proprietary technology and
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