{"id":392803,"date":"2020-12-03T09:18:27","date_gmt":"2020-12-03T14:18:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392803"},"modified":"2020-12-03T09:18:27","modified_gmt":"2020-12-03T14:18:27","slug":"mtbc-recognized-as-public-company-of-the-year-by-techunited","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mtbc-recognized-as-public-company-of-the-year-by-techunited\/","title":{"rendered":"MTBC Recognized as Public Company of the Year by TechUnited"},"content":{"rendered":"
\n

\n Organic Growth and Strategic Acquisitions Drive New Jersey Based Healthcare IT Leader<\/em>
\n \n <\/p>\n

\n SOMERSET, N.J., Dec. 03, 2020 (GLOBE NEWSWIRE) — <\/strong>
\n
\n MTBC, Inc.<\/a>
\n <\/u>\u00a0(Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced it has been named 2020 Public Company of the Year by TechUnited:NJ (formerly NJ Tech Council.), sponsored by BDO. The award will be officially presented to MTBC at TechUnited\u2019s 24th<\/sup> Annual Awards Celebrations on December 9, 2020.<\/p>\n

\u201cWe are honored to be selected by TechUnited as Public Company of the Year based on our stock price appreciation, sustained growth, and operational strength as a Nasdaq-listed company,\u201d said Mahmud Haq, MTBC\u2019s Founder and Executive Chairman.<\/p>\n

\u201cMTBC has been in business for two decades, and since our IPO in 2014, we\u2019ve closed 16 acquisitions,\u201d said Stephen Snyder, Chief Executive Officer, MTBC. \u201cOur consistent organic growth, paired with our acquisitions, has empowered the expansion of our global workforce to over 3,000 employees who support more than 40,000 U.S. healthcare providers.\u201d<\/p>\n

MTBC is a New Jersey-based company that has built upon its entrepreneurial roots to become a global, healthcare IT leader. MTBC proudly offers a comprehensive, cloud-based suite of software and services that enables medical groups and health systems to reduce operational costs, enhance the patient experience, optimize care delivery, and maximize revenue.<\/p>\n

\u201cNew Jersey is an ideal location for a technology business like MTBC and TechUnited has been integral in building a vibrant future for New Jersey\u2019s economy and the innovative companies that call New Jersey home,\u201d said A. Hadi Chaudhry, President, MTBC. \u201cWe are proud to continue building our legacy in a state where entrepreneurship and technological leadership is nurtured and encouraged.\u201d<\/p>\n

\u201cMTBC\u2019s revenue for the first nine months of 2020 has grown 88% over the same period in 2019, culminating in an estimated 49% compound annual growth rate since 2017, and a 76% compound annual growth rate in adjusted EBITDA over the same period,\u201d said Bill Korn, MTBC\u2019s Chief Financial Officer. \u201c2020 marks an historic year of growth and we are well positioned as we approach 2021 and beyond.\u201d<\/p>\n

TechUnited will be honoring New Jersey\u2019s top companies, and their leaders, for their accomplishments in collaboration, partnership and innovation. Customers, employees, business partners, and investors are welcome to virtually attend TechUnited\u2019s 24th<\/sup> Annual Awards Celebration on December 9th from 5pm-7pm EST.<\/p>\n

To register for TechUnited\u2019s 24th Annual Awards Celebration, visit https:\/\/techunited.co\/awards-celebration<\/a><\/u>.<\/p>\n

\n About TechUnited<\/strong>\n <\/p>\n

Previously the NJ Tech Council, TechUnited provides business development, education, networking and recognition opportunities as well as advocacy for the state and region\u2019s technology businesses. By collectively representing tech, life science and tech-related companies and organizations as well as the professional firms that support them, TechUnited has the unique ability to: offer opportunities to learn, network and grow; recognize and promote member companies and their leadership; nurture the tech and STEM talent pipeline critical to growth; provide access to financing sources and additional resources; and advocate and support public policy which strengthens our ecosystem. Founded in 1996, TechUnited is a private, nonprofit membership organization, which supports the tech, innovation, and entrepreneurial ecosystems across the state and region.\u202fMore information is available at https:\/\/techunited.co<\/a><\/u>.<\/p>\n

\n About MTBC<\/strong>\n <\/p>\n

MTBC is a healthcare information technology company that provides a full suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the United States. Our Software-as-a-Service (or SaaS) platform includes revenue cycle management (RCM), practice management (PM), electronic health record (EHR), business intelligence, telehealth and patient experience management (PXM) solutions for high-performance medical groups. 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. MTBC\u2019s common stock trades on the Nasdaq Global Market under the ticker symbol \u201cMTBC,\u201d and its Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol \u201cMTBCP.\u201d<\/p>\n

For additional information, please visit our website at\u00a0www.mtbc.com<\/a><\/u>. To view MTBC’s latest investor presentation, read press releases, and listen to interviews with management, please visit\u00a0ir.mtbc.com<\/a>.<\/u><\/p>\n

Follow\u00a0MTBC\u00a0on\u00a0LinkedIn<\/a><\/u>,\u00a0Twitter<\/a><\/u>\u00a0and\u00a0Facebook<\/a><\/u>.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release contains various forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cintends,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201cgoals,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d or \u201ccontinue\u201d or the negative of these terms or other comparable terminology.<\/p>\n

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management\u2019s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of the Covid-19 pandemic on our financial performance and business activities, and the expected results from the integration of our acquisitions.<\/p>\n

These forward-looking statements are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry\u2019s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company\u2019s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, and other important risks and uncertainties referenced and discussed under the heading titled \u201cRisk Factors\u201d in the Company\u2019s filings with the Securities and Exchange Commission. In addition, there is uncertainty about the spread of the Covid-19 virus and the impact it may have on the Company\u2019s operations, the demand for the Company\u2019s services, and economic activity in general.<\/p>\n

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.<\/p>\n

SOURCE\u00a0MTBC<\/p>\n

\n Company Contact:<\/strong>
\n
Bill Korn
Chief Financial Officer
MTBC, Inc.
bkorn@mtbc.com<\/a><\/u><\/p>\n

\n Investor Contact:<\/strong>
\n
Matt Kreps
Managing Director
Darrow Associates Investor Relations
mkreps@darrowir.com<\/a><\/u><\/p>\n

\n Media Inquiries:<\/strong>
\n
Mike Cuesta
Chief Marketing Officer
MTBC, Inc.
mcuesta@mtbc.com<\/a><\/u><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Organic Growth and Strategic Acquisitions Drive New Jersey Based Healthcare IT Leader SOMERSET, N.J., Dec. 03, 2020 (GLOBE NEWSWIRE) — MTBC, Inc. \u00a0(Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced it has been named 2020 Public Company of the Year by TechUnited:NJ (formerly NJ Tech Council.), sponsored by BDO. The award will be officially presented to MTBC at TechUnited\u2019s 24th Annual Awards Celebrations on December 9, 2020. \u201cWe are honored to be selected by TechUnited as Public Company of the Year based on our stock price appreciation, sustained growth, and operational strength as a Nasdaq-listed company,\u201d said Mahmud Haq, MTBC\u2019s Founder and Executive Chairman. \u201cMTBC has been in business for two decades, … <\/p>\n

Continue reading “MTBC Recognized as Public Company of the Year by TechUnited”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392803","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMTBC Recognized as Public Company of the Year by TechUnited - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mtbc-recognized-as-public-company-of-the-year-by-techunited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTBC Recognized as Public Company of the Year by TechUnited - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Organic Growth and Strategic Acquisitions Drive New Jersey Based Healthcare IT Leader SOMERSET, N.J., Dec. 03, 2020 (GLOBE NEWSWIRE) — MTBC, Inc. \u00a0(Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced it has been named 2020 Public Company of the Year by TechUnited:NJ (formerly NJ Tech Council.), sponsored by BDO. The award will be officially presented to MTBC at TechUnited\u2019s 24th Annual Awards Celebrations on December 9, 2020. \u201cWe are honored to be selected by TechUnited as Public Company of the Year based on our stock price appreciation, sustained growth, and operational strength as a Nasdaq-listed company,\u201d said Mahmud Haq, MTBC\u2019s Founder and Executive Chairman. \u201cMTBC has been in business for two decades, … Continue reading "MTBC Recognized as Public Company of the Year by TechUnited"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mtbc-recognized-as-public-company-of-the-year-by-techunited\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T14:18:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTkzNiMzODU0MTYzIzIwMjY2MTg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mtbc-recognized-as-public-company-of-the-year-by-techunited\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mtbc-recognized-as-public-company-of-the-year-by-techunited\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MTBC Recognized as Public Company of the Year by TechUnited\",\"datePublished\":\"2020-12-03T14:18:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mtbc-recognized-as-public-company-of-the-year-by-techunited\\\/\"},\"wordCount\":1156,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mtbc-recognized-as-public-company-of-the-year-by-techunited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NTkzNiMzODU0MTYzIzIwMjY2MTg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mtbc-recognized-as-public-company-of-the-year-by-techunited\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mtbc-recognized-as-public-company-of-the-year-by-techunited\\\/\",\"name\":\"MTBC Recognized as Public Company of the Year by TechUnited - 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