MTBC, Inc. Asset Profile

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Year 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

Timeline of Key Events

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2014

18,303,264

(4,041,149)

(22.1%)

(1,249,781)

(6.8%)

(4,509,250)

(24.6%)

31 Dec 2015

23,079,850

26.1%

(4,458,262)

(19.3%)

140,348

0.6%

(4,687,378)

(20.3%)

31 Dec 2016

24,493,443

6.1%

(7,900,973)

(32.3%)

(2,792,938)

(11.4%)

(8,796,723)

(35.9%)

31 Dec 2017

31,810,635

29.9%

(4,522,160)

(14.2%)

(222,217)

(0.7%)

(5,565,156)

(17.5%)

31 Dec 2018

50,545,781

58.9%

(2,539,817)

(5%)

374,049

0.7%

(2,138,480)

(4.2%)

31 Dec 2019

64,438,594

27.5%

67,327

0.1%

5,026,267

7.8%

(871,800)

(1.4%)

31 Dec 2020

105,122,000

63.1%

(8,271,000)

(7.9%)

4,752,000

4.5%

(8,813,000)

(8.4%)

31 Dec 2021

31 Dec 2022

31 Dec 2023

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Deals

Deals Type
Trade Sale

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)
Completed	Meridian Medical Management	16 Jun 2020

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Employee Data

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