MEDICAL TRANSCRIPTION BILLING, CORP. (NASDAQ:MTBCP) Files An 8-K Entry into a Material Definitive Agreement

MEDICAL TRANSCRIPTION BILLING, CORP. (NASDAQ:MTBCP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

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As previously disclosed on May 7, 2018, Medical Transcription Billing, Corp., entered into an asset purchase agreement (“APA”) to acquire the revenue cycle, practice management, and group purchasing organization assets of Orion Healthcorp., Inc. and 13 of its affiliates (together “Orion”). The acquisition was to Chapter 11 of the United States Bankruptcy Court in the United States Bankruptcy Court for the Eastern District of New York. On June 25, 2018, MTBC was declared the successful bidder for the Orion assets for a purchase price of $12.6 million. On July 2, 2018, MTBC and Orion updated the asset purchase agreement to reflect the final purchase price and consummated the transactions contemplated by the APA, with a agreed upon closing effective date of July 1, 2018. The foregoing description of the APA does not purport to be complete and is qualified entirely by reference to the complete text of such document, a copy of which is attached as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(S)


MEDICAL TRANSCRIPTION BILLING, CORP Exhibit
EX-10.1 2 ex10-1.htm     ASSET PURCHASE AGREEMENT   AMONG   MEDICAL TRANSCRIPTION BILLING,…
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