NJ TECH CORNER: Medical Transcription Billing Corporation
Mahmud U. Haq, CEO and Chairman | Courtesy MTBC
Company Overview.
Medical Transcription Billing Corporation (NASDAQ: MTBC) is a Somerset-based healthcare information company that provides a fully integrated suite of proprietary web-based solutions, together with related business solutions, serving an expanding array of diverse healthcare entities – from single physician, medium sized practices to independent physician associations. The company has partnered with a variety of healthcare organizations to extend its reach to more than 40 states. Founded in 2001, MTBC has a global workforce of approximately 1,600 full-time employees.
Investment & Financial Information
|
Shares of common stock outstanding (as of April 27, 2016): |
10,347,510 |
|
Share price of stock (as of Feb. 3, 2017) |
$0.74 |
|
Share price of stock (one year ago) |
$1.21 |
|
Current valuation (as of Feb. 3, 2017) |
$7.66 million |
|
Valuation one year ago |
$12.52 million |
|
Stock Symbol: |
NASDAQ:MTBC |
|
Net Revenues (year ended Dec. 31, 2015): |
$23.08. million |
|
Net Revenues previous year |
$18.30 million |
|
Net Loss ( Year ended Dec. 31, 2015) |
$4.68 million |
|
Net Loss previous year: |
$4.50 million |
Management Team
|
Name |
Age |
Title |
|
Mahmud U. Haq |
NA* |
CEO,Chairman |
|
Stephen A. Snyder |
NA* |
President |
|
Bill Korn |
NA* |
CFO |
|
Amritpal Deola |
NA* |
General Counsel, Corporate Secretary |
|
Norman S. Roth |
NA* |
Principal Accounting Officer |
*Age not available
Board of Directors
|
Name |
Age |
Title |
|
Mahmud Haq |
NA* |
CEO, Chairman |
|
Stephen A. Snyder |
NA* |
President |
|
Cameron Munter |
NA* |
Professor of International Relations, Pomona College; former U.S. Ambassador to Pakistan and Serbia |
|
Howard L. Clark Jr. |
NA* |
Retired vice chairman, Barclays Capital Inc.; former vice chairman, Lehman Brothers Inc.; former chairman, CEO, Shearson Lehman Brothers; former executive vice president, CFO, American Express; director, Green Waste Energy Inc.; member of the Board of Trustees of The Boys’ Club of New York and Honorary Trustee of Boston University; former chairman of Securities Industry Association and The Bond Club University; former chairman of Securities Industry Association and The Bond |
|
John N. Daly |
NA* |
President, IMMS LLC; former executive, E.F. Hutton & Co., Salomon Brothers, Prudential Investments |
|
Anne M. Busquet |
NA* |
President, AMB Advisors; director, Pitney Bowes, Intercontinental Hotels Group, Provista Diagnostics; trustee, Board of Overseers for Columbia University, the Romanian American Foundation and French Institute Alliance Francaise; former executive, American Express, Interactive Corp. |
*Age not available
Noteworthy Control
|
Name |
Shares of common stock owned |
% of total common shares |
|
Mahmud Haq |
4,896,070 |
47.3% |
|
Adage Capital Management, L.P. |
1,000,000 |
9.7% |
[All information for NJ Tech Corner was taken from the company’s annual report and proxy statement, with the exception of the company’s stock price and valuation.]
