mtbcp - MTBCP STOCK NEWS

MTBC (Nasdaq: MTBC, MTBCP) announced that FOX Rehabilitation has successfully integrated its PrecisionBI platform, enhancing their clinical and operational performance.PrecisionBI provides real-time insights into clinical workflows, financial data, and operational metrics, enabling FOX to make informed business decisions. MTBC has supported FOX's growth since 2017, supplying services such as medical billing and referral management. This integration signifies a strategic advancement for MTBC, allowing cross-selling opportunities within a robust client base.

MTBC (Nasdaq: MTBC, MTBCP), a cloud-based healthcare IT solutions provider, announces participation in five investor conferences throughout March 2021. Key events include:

• March 4: Cowen 41st Annual Health Care Conference
• March 10: H.C. Wainwright Annual Global Life Sciences Conference
• March 15: Virtual 33rd Annual Roth Conference
• March 16: Oppenheimer Virtual 31st Annual Healthcare Conference
• March 17: Maxim 2021 Emerging Growth Virtual Conference

Management meetings can be arranged through conference sponsors or via MTBC's investor relations contact.

MTBC is set to change its name to CareCloud, Inc. effective March 29, 2021, reflecting its commitment to cloud-based healthcare solutions. The company boasts over 40,000 healthcare providers across the U.S., supported by more than 3,000 team members. This rebranding aims to enhance the client experience and market expansion. The stock will continue trading under the ticker symbols MTBC and MTBCP on Nasdaq. The leadership emphasizes maintaining its commitment to clients and innovative technology in healthcare.

MTBC has announced the declaration of monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock for March, April, and May 2021. The dividend is set at $0.22917 per share, amounting to an annualized total of $2.75 per share. This marks the 67th consecutive month of dividends since the Series A Preferred Stock's issuance in November 2015.

Key dates include:

• Ex-dividend Dates: March 30, April 29, May 27
• Record Dates: March 31, April 30, May 31
• Payment Dates: April 15, May 17, June 15

MTBC reported a record revenue of $105.1 million for 2020, marking a 63% increase from the previous year. The company posted an adjusted net income of $8.5 million and adjusted EBITDA of $10.9 million, both representing substantial growth. Fourth-quarter revenue reached $32 million, doubling from Q4 2019. Despite an overall GAAP net loss of $8.8 million, MTBC remains optimistic, announcing guidance for further growth in 2021 and a rebranding to CareCloud to reflect its innovative approach.

MTBC, Inc. (Nasdaq: MTBC, MTBCP) announces key promotions in its sales leadership team, including Karl Johnson as Chief Growth Officer. The company reported a doubling of organic sales bookings in 2020, achieving a customer acquisition cost (CAC) significantly below the SaaS industry benchmark. Johnson's expanded role will oversee all sales initiatives, while Wes Stolp is named Senior Vice President of Business Development, focusing on enterprise growth. MTBC provides a comprehensive cloud-based healthcare IT suite, enhancing operational performance for healthcare providers.

MTBC, Inc. (Nasdaq: MTBC, MTBCP) will announce its fourth quarter and full year financial results for 2020 on February 25, 2021, before the market opens. Following the release, a conference call for investors is scheduled at 8:30 a.m. ET. The call will be accessible via webcast or by phone (+1-201-493-6779). A replay will be available approximately one hour after the call concludes. MTBC provides cloud-based healthcare IT solutions, enhancing operational performance and patient care.

MTBC, a healthcare IT provider, has been selected by the American Osteopathic Information Association (AOIA) to offer its talkEHR platform as a preferred EHR and practice management solution. This partnership enables AOIA members to access MTBC's cloud-based services at discounted rates, which include telehealth and administrative software. The initiative aims to enhance operational efficiency and patient care among osteopathic physicians. AOIA's Executive Director praised talkEHR for its ability to meet diverse business needs, highlighting its development by experienced medical professionals.

MTBC announced that its CareCloud division will supply Electronic Health Records (EHR) and Practice Management (PM) solutions to Carolina Pediatric Therapy. This partnership aims to enhance clinical growth and patient experiences.

Carolina Pediatric Therapy, which has served over 25,000 children, plans to expand its services and locations, targeting to reach over 100,000 children in southwestern North Carolina. CareCloud's user-friendly technology will optimize workflows and support this growth initiative.