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Medical Transcription Billing, Corp. Files Registration Statement for Proposed Initial Public Offering

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Somerset, NJ, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Medical Transcription Billing, Corp. (MTBC), a provider of cloud-based electronic health records, practice management, revenue cycle management and patient engagement solutions, announced today that on December 20, 2013 it publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not been determined. MTBC intends to apply to list its common stock on The NASDAQ Global Market under the ticker symbol "MTBC".

Summer Street Research Partners will act as an underwriter for this offering.

This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from Summer Street Research Partners, Attention: Prospectus Department, 101 Arch Street, Boston, MA 02110 or by telephone at +1-617-532-6464.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About MTBC

Founded in 1999 and based in Somerset, New Jersey, MTBC provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. Its integrated and competitively priced premium products, PracticePro™ and ChartsPro™, present a service suite unmatched in the industry in scope and value. MTBC has been consistently recognized as a Deloitte Technology Fast 500 company - 2009, 2010, 2011 and 2012 - and has also been recognized during each of the last four years as an Inc. 500│5000 company. To learn more about MTBC, please visit: www.mtbc.com.

CONTACT: Stephen Snyder, President Medical Transcription Billing, Corp. Telephone: (732) 873-5133 x113 Fax: (732) 873-3378 ssnyder@mtbc.com

Source: MTBC