EverCommerce Acquires MDTech, Leading Electronic Charge Capture Solution
Founded in 2015, MDTech is committed to saving healthcare organizations valuable time and resources by offering solutions aimed at reducing claim denials, increasing revenues, and helping avoid unnecessary billing costs. The product line includes solutions for charge capture, business intelligence, billing management, and telehealth.
"Running a profitable business is essential for healthcare providers. Solutions like MDTech, with charge capture and business intelligence analytics, allow practices to streamline their back-office operations so they can focus more time on direct patient care," says
"With aligned missions to support the success of small to medium-sized healthcare practices, we are very excited to join the
Terms of the acquisition were not disclosed.
Medical Design Technologies (MDTech), a leader in providing electronic charge capture solutions, was founded in 2015. MDTech is an established independent software vendor (ISV) specializing in state-of-the-art healthcare applications with specific expertise as a mobile applications provider, providing wireless healthcare applications. Learn more at mdtech.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Statements regarding the anticipated benefits of the MDTech acquisition are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,'' ''contemplates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential'' or ''continue'' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors including, but not limited to, our limited operating history and our evolving business make it difficult to evaluate our future prospects and the risks and challenges we may encounter, our recent growth rates may not be sustainable or indicative of future growth and we expect our growth rate to slow, we have experienced net losses in the past and we may not achieve profitability in the future, we may continue to experience significant quarterly and annual fluctuations in our operating results due to a number of factors, which makes our future operating results difficult to predict, we may reduce our rate of acquisitions and may be unsuccessful in achieving continued growth through acquisitions, revenues and profits generated through acquisition may be less than anticipated, and we may fail to uncover all liabilities of acquisition targets, in order to support the growth of our business and our acquisition strategy, we may need to incur additional indebtedness or seek capital through new equity or debt financings and the important factors discussed under the caption "Risk Factors" in
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Aisling Babbitt, Director of Communications, Health Services, firstname.lastname@example.org, 614/580-2576; Brian Denyeau, Managing Director, ICR Strategic Communications & Advisory, email@example.com, 646/277-1251