MTBC, Inc.
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MTBC, Inc. - overview
Established
1999
Location
Somerset, NJ, US
Primary Industry
Healthcare IT
About
Founded in 1999 and based in New Jersey, US, MTBC, Inc. formerly known as Medical Transcription Billing, Corp. , operates as a provider of cloud-based healthcare information technology solutions including patient engagement, medical billing, electronic health records, and practice management for healthcare providers.
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Systems Management Software
Website
www.mtbc.com
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
MTBC, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 18,303,264 | 23,079,850 | 24,493,443 | 31,810,635 | 50,545,781 | 64,438,594 | 105,122,000 | - | - | - |
| % Revenue Growth (YoY) | - | 26.1% | 6.1% | 29.9% | 58.9% | 27.5% | 63.1% | - | - | - |
| EBITDA (USD) | (1,249,781) | 140,348 | (2,792,938) | (222,217) | 374,049 | 5,026,267 | 4,752,000 | - | - | - |
| Operating Income (USD) | (4,041,149) | (4,458,262) | (7,900,973) | (4,522,160) | (2,539,817) | 67,327 | (8,271,000) | - | - | - |
| Operating Margin | (22.1%) | (19.3%) | (32.3%) | (14.2%) | (5.0%) | 0.1% | (7.9%) | - | - | - |
| % EBITDA Margin | (6.8%) | 0.6% | (11.4%) | (0.7%) | 0.7% | 7.8% | 4.5% | - | - | - |
| NET Income (USD) | (4,509,250) | (4,687,378) | (8,796,723) | (5,565,156) | (2,138,480) | (871,800) | (8,813,000) | - | - | - |
| % Net Margin | (24.6%) | (20.3%) | (35.9%) | (17.5%) | (4.2%) | (1.4%) | (8.4%) | - | - | - |
MTBC, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Meridian Medical Management | - |
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