MTBC Successfully Closes Orion, Largest Acquisition to Date
Company Acquires Assets of
"The Orion acquisition is an important milestone and will further expand our client base, team, and offerings," said
"Joining MTBC marks an exciting turning point for the more than three hundred Orion employees who are now part of the MTBC team," said
The business units acquired from Orion had offices in 10 states, which are now operated by MTBC. As part of the acquisition, MTBC acquired most of the assets of Orion, including revenue cycle management service contracts with more than 150 hospitals and independent healthcare practices. In addition, MTBC acquired Orion's practice management services group, which manages three pediatric practices in
"In addition to the RCM contracts and MSAs, MTBC acquired Orion’s group purchasing organization ("GPO"), which enables thousands of physicians to purchase vaccines from leading pharmaceutical companies at discounted rates. We look forward to making this valuable service available to all MTBC customers and introducing our new GPO customers to MTBC's full suite of services," said Snyder.
Additional information regarding the Orion transaction can be found in MTBC's 8-K, which was filed with the
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. 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
For additional information, please visit our website at www.mtbc.com.
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Company and Investor Contact:
Bill KornChief Financial Officer Medical Transcription Billing, Corp.email@example.com 732-873-5133