May 7, 2018 / 12:15 PM / 13 days ago

BRIEF-MTBC To Buy Assets Of Orion Healthcorp And 13 Of Its Affiliate Companies

May 7 (Reuters) - Medical Transcription Billing Corp :

* MTBC SIGNS ACQUISITION AGREEMENT THAT COULD INCREASE REVENUES BY AT LEAST 50%

* MEDICAL TRANSCRIPTION BILLING - ENTERED INTO ASSET PURCHASE AGREEMENT TO BUY ASSETS OF ORION HEALTHCORP AND 13 OF ITS AFFILIATE COMPANIES

* MEDICAL TRANSCRIPTION BILLING CORP - UPON DEAL CLOSING, EXPECTS TRANSACTION WOULD INCREASE MTBC’S ANNUALIZED REVENUES BY AT LEAST 50 PERCENT

* MEDICAL TRANSCRIPTION BILLING - CO TO BUY MOST OF ORION’S ASSETS, INCLUDING CUSTOMER CONTRACTS, OTHERS EXCEPT FOR THOSE THAT ARE EXPRESSLY ASSUMED

* MEDICAL TRANSCRIPTION BILLING - PURCHASE PRICE, WHICH CO EXPECTS TO PAY FROM AVAILABLE CASH BALANCE, IS EXPECTED TO BE BETWEEN $10 AND $12 MILLION Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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