“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 MTBC President Stephen Snyder.
GCB currently serves more than 100 practices across various specialties, with a particular focus on intraoperative neurophysiological monitoring and surgery. Under terms of the acquisition, MTBC acquired all of GCB’s assets, including customer contracts.
The transaction closed Feb. 16. The amount MTBC paid for the acquisition was not disclosed.
More articles on revenue cycle management:
20 things to know about balance billing
MGMA adds dedicated population health consultant
Payments for hip and knee replacements vary greatly in Colorado: 4 findings
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.