This represents 58 consecutive months of dividends declared since the Series A Preferred Stock was initially sold in November 2015. Holders of shares of the Series A Preferred Stock are entitled to receive cumulative cash dividends at the rate of 11% per annum of the $25.00 per share liquidation preference (equivalent to $2.75 per annum per share).
After deducting underwriting fees and other offering expenses, the net proceeds of the offering to MTBC are approximately $19 million. MTBC intends to use the net proceeds for working capital, general corporate purposes and growth initiatives, including potential future acquisitions.
SOMERSET, N.J., March 27, 2020 -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced the.
By Brian Marckx, CFA NASDAQ:MTBC READ THE FULL MTBC RESEARCH REPORT Q4 2019 Results, Operational Update… MTBC Inc (NASDAQ:MTBC) reported financial results for their fourth quarter 2019 and provided a business update. Importantly, management reiterated their full-year 2020 financial guidance which implies revenue and adjusted EBITDA growth of at least 55% and 48%, respectively. This follows their
The Company has agreed to sell 720,000 shares of Series A Preferred Stock, at a public offering price of $25.00 per share, for gross proceeds to the Company of $18.0 million. The Company also granted the underwriters a 30-day option to purchase up to an additional 108,000 shares at the public offering price, less underwriting discounts and commissions.
SOMERSET, N.J., March 24, 2020 -- MTBC, Inc. (the “Company” or “MTBC”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions.
SOMERSET, N.J, April 16, 2020 -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services today announced.
Initial findings show that practices are most focused on staying in close contact with patients, migrating in-office visits to telehealth and protecting patients and staff from infection. MTBC and CareCloud’s COVID-19 Practice Pulse provides a current snapshot of physician concerns and actions they are taking during the pandemic.
Appoints Chief Marketing Officer and Executive Vice President of Sales to Unify Solutions Portfolio, Create Singular Client Experience SOMERSET, N.J., April 01, 2020 -- MTBC,.
Based in Tucson, Arizona, Titan Health provides comprehensive RCM services for healthcare providers across the USA. Through this new partnership, Titan Health will leverage the experienced workforce of MTBC Force for managing accounts receivables and other back-office services to extend the company’s comprehensive offering. “For 18 years, our clients have entrusted us with key parts of their financial operations and it was critical to us to partner with a company that not only had the right set of technology and experience, but also shared our commitment to responsiveness and the highest level of service,” said Brian Diver, COO of Titan Health.
SOMERSET, N.J., March 26, 2020 -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced the.
Karl Johnson to Lead Division and Drive Growth SOMERSET, N.J., May 11, 2020 -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT.
SOMERSET, N.J., May 04, 2020 -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT and revenue cycle management solutions, will release.
SOMERSET, N.J, May 05, 2020 -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced MDS Medical,.
In connection with the offering, MTBC expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Series A Preferred Stock offered in the public offering. B. Riley FBR, Ladenburg Thalmann and National Securities Corporation, a wholly-owned subsidiary of National Holdings, Inc. (NHLD) are acting as bookrunning managers for the offering.
“MTBC is pleased to reaffirm our 2020 full-year revenue guidance of $100 – 102 million and adjusted EBITDA guidance of $12 – 13 million, despite the uncertainty in the U.S. economy from the COVID-19 pandemic and the related significant decline in non-emergency doctor visits,” said Bill Korn, MTBC Chief Financial Officer. MTBC helps clients increase financial and operational performance, streamline clinical workflows and make better business and clinical decisions, allowing them to improve patient care while reducing administrative burdens and operating costs.
Q1 2020 MTBC Inc Earnings Call
MTBC, Inc. (the “Company” or “MTBC”) (MTBC) (MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, including electronic health records (“EHR”), practice management (“PM”) and telehealth, today announced the successful completion of its CareCloud Corporation (“CareCloud”) audit, and released an update on its integration. “We are pleased today to announce the successful completion of our audit of CareCloud, our largest acquisition to date,” said Stephen Snyder, MTBC CEO. “CareCloud is a transformative acquisition, through which we have acquired a top-ranked SaaS platform, brought onboard an amazing team, and substantially expanded our network of healthcare providers.”
Company Reports 45% Growth SOMERSET, N.J., May 14, 2020 -- MTBC, Inc. (the “Company” or “MTBC”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based.
Examining MTBC, Inc.'s (NasdaqGM:MTBC) past track record of performance is a valuable exercise for investors. It...