Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 9:19 AM
Slide #56. MTBC — Preferred Stock Offering
||MTBC (MTBC )
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP) a leading provider of proprietary, cloud-based electronic health records, practice management and mHealth solutions, today announced a proposed public offering of up to 340,000 additional shares of its non-convertible Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") for $25 per share with gross proceeds of up to $8.5 million. The Series A Preferred Stock currently trades on Nasdaq with ticker MTBCP, and this offering represents additional shares of the same security. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be consummated, or as to the actual size or terms of the offering.
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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