Medical Transcription Billing Corp., a healthcare information technology provider, acquired client accounts and related business assets from Washington-based Regional Revenue Cycle Management Company.
With the acquisition, MTBC hopes to grow its customer base in Washington.
"This transaction allows us to leverage our proprietary technology and combined team to add value to the acquired client accounts and expand our reach to new business opportunities in Washington and beyond," said Stephen Snyder, president of MTBC. "We're pleased to be able to continue to play a leading role in turning market challenges into opportunities as we consolidate the highly fragmented healthcare IT market and provide enhanced solutions to healthcare providers."