NJ TECH CORNER: Medical Transcription Billing Corporation

Photo:  
Mahmud U. Haq, CEO and Chairman Photo Credit: Courtesy MTBC

 
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.]

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