Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 6:13 AM
Slide #148. MTBC — Preferred Stock Offering
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||MTBC (Nasdaq:MTBC), a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, announced the pricing of its public offering of 204,000 shares of 11% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") at a price of $25.00 per share. In addition, MTBC has granted the underwriters a 30-day option to purchase from it an additional 30,600 shares of Series A Preferred Stock.
Medical Transcription Billing is a healthcare information technology company that provides a suite of web-based solutions, together with related business services, to healthcare providers. As of Dec 31 2016, Co. provided medical billing to approximately 830 medical practices representing approximately 2,800 providers, practicing in approximately 66 specialties and subspecialties, in 41 states. Co.'s primary product, PracticePro, consists of: practice management software and related tools, which facilitate the day-to-day operation of a medical practice; electronic health records; revenue cycle management services; and mobile Health solutions.
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