Markets

Healthcare SaaS provider Medical Transcription sets terms for $30 million IPO

Medical Transcription Billing, which provides practice and revenue cycle management services to physicians and hospitals, announced terms for its IPO on Monday. The Somerset, NJ-based company plans to raise $30 million by offering 3.0 million shares at a price range of $9 to $11. At the midpoint of the proposed range, it would command a fully diluted market value of $98 million.

Medical Transcription Billing, which was founded in 2001 and booked $11 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol MTBC. Aegis Capital joins Chardan Capital Markets and Summer Street Research Partners as the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MTBC

Other Topics

IPOs