SOMERSET, N.J., Feb. 17, 2016 (GLOBE NEWSWIRE) — MTBC (Nasdaq:MTBC), a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, today announced the acquisition of Gulf Coast Billing, Inc. (“GCB”), a revenue cycle management company based in the Houston, Texas area.
“By joining forces with MTBC, we can now provide our clients with an integrated technology and service solution that is unparalleled in the healthcare industry,” said Rhonda Turner, President and CEO of GCB. Turner, who now serves as a director of business development for MTBC, added, “We are excited to be able to further expand our client base by drawing on our industry relationships and newly combined expertise and resources.”
“This acquisition presents MTBC with a strategic opportunity to expand our client base in desirable niche specialties and we expect to identify and close other complimentary acquisitions during 2016,” said Stephen Snyder, MTBC President. He further stated, “We are privileged to have the opportunity to partner with GCB’s clients and to welcome Rhonda to our team.” He continued, “We look forward to leveraging our proprietary technology and combined team of experts to help GCB’s clients further increase revenues, reduce operating costs, and enhance workflows.”
GCB was founded by Rhonda Turner in 1998. It expanded its client base beyond Texas in 2001 and currently serves more than one hundred practices across various specialties, with a particular focus on intraoperative neurophysiological monitoring (“IOM”) and surgery. As part of the transaction, which closed on February 15, 2016, MTBC acquired substantially all of the assets of GCB, including customer contracts.
For more information on MTBC, visit www.mtbc.com.
Medical Transcription Billing, Corp. (“MTBC”) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. 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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Press Contact: Amritpal Deol, General Counsel Medical Transcription Billing, Corp. email@example.com Telephone: (732) 873-5133 x.141