DENVER, July 8, 2021 /PRNewswire/ --
Today EverCommerce Inc. (Nasdaq: EVCM) ("EverCommerce" or
the "Company"), a leading service commerce platform, announced it
has acquired Medical Design Technologies ("MDTech"), a leading
provider of mobile charge capture solutions. Based in Houston, Texas, MDTech provides accurate,
efficient, and simple charge capture and analytics solutions to
small- and medium-sized practices across 20 different specialties
and 29 states.
MDTech joins EverCommerce's EverHealth suite of solutions that
streamline healthcare operations and patient engagement.
Founded in 2015, MDTech is committed to saving healthcare
organizations valuable time and resources by offering solutions
aimed at reducing claim denials, increasing revenues, and helping
avoid unnecessary billing costs. The product line includes
solutions for charge capture, business intelligence, billing
management, and telehealth.
"Running a profitable business is essential for healthcare
providers. Solutions like MDTech, with charge capture and business
intelligence analytics, allow practices to streamline their
back-office operations so they can focus more time on direct
patient care," says Matt Feierstein,
President of EverCommerce. "We're eager to have MDTech join
EverCommerce and grow our suite of complete capabilities and
solutions for modern patient care."
"With aligned missions to support the success of small to
medium-sized healthcare practices, we are very excited to join the
EverCommerce team and have our products be a part of a growing
suite of healthcare software solutions that help providers create a
modernized, streamlined healthcare environment," says Micah Grossman, COO of MDTech.
MDTech joins EverCommerce's EverHealth suite, offering solutions
that streamline day-to-day healthcare practice operations,
improving provider and administrative workflows, and modernizing
engagement with patients. EverHealth serves more than 72,000
customers with solutions for practice management, electronic
medical records, patient engagement, and digital marketing.
Terms of the acquisition were not disclosed.
About EverCommerce
EverCommerce is a leading service
commerce platform, providing vertically-tailored, integrated SaaS
solutions that help more than 500,000 global service-based
businesses accelerate growth, streamline operations, and increase
retention. Its modern digital and mobile applications create
predictable, informed, and convenient experiences between customers
and their service professionals. Specializing in Home & Field
Services, Health Services, and Fitness & Wellness industries,
EverCommerce solutions include end-to-end business management
software, integrated payment acceptance, marketing technology, and
customer engagement applications. Learn more
at EverCommerce.com.
About MDTech
Medical Design Technologies (MDTech), a
leader in providing electronic charge capture solutions, was
founded in 2015. MDTech is an established independent software
vendor (ISV) specializing in state-of-the-art healthcare
applications with specific expertise as a mobile applications
provider, providing wireless healthcare applications. Learn more
at mdtech.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact
contained in this press release may be forward-looking statements.
Statements regarding the anticipated benefits of the MDTech
acquisition are forward-looking statements. In some cases, you can
identify forward-looking statements by terms such as ''may,''
''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,''
''could,'' ''intends,'' ''targets,'' ''projects,''
''contemplates,'' ''believes,'' ''estimates,'' ''predicts,''
''potential'' or ''continue'' or the negative of these terms or
other similar expressions. The forward-looking statements in this
press release are only predictions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our business, financial condition and results of
operations. Forward-looking statements involve known and unknown
risks, uncertainties and other important factors including, but not
limited to, our limited operating history and our evolving business
make it difficult to evaluate our future prospects and the risks
and challenges we may encounter, our recent growth rates may not be
sustainable or indicative of future growth and we expect our growth
rate to slow, we have experienced net losses in the past and we may
not achieve profitability in the future, we may continue to
experience significant quarterly and annual fluctuations in our
operating results due to a number of factors, which makes our
future operating results difficult to predict, we may reduce our
rate of acquisitions and may be unsuccessful in achieving continued
growth through acquisitions, revenues and profits generated through
acquisition may be less than anticipated, and we may fail to
uncover all liabilities of acquisition targets, in order to support
the growth of our business and our acquisition strategy, we may
need to incur additional indebtedness or seek capital through new
equity or debt financings and the important factors discussed under
the caption "Risk Factors" in EverCommerce's prospectus, dated
June 30, 2021, filed with the
Securities and Exchange Commission ("SEC") in accordance with Rule
424(b) of the Securities Act on July 6,
2021, and our other filings with the SEC, that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. These
forward-looking statements speak only as of the date of this
communication. Except as required by applicable law, we do not plan
to publicly update or revise any forward-looking statements,
whether as a result of any new information, future events or
otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/evercommerce-acquires-mdtech-leading-electronic-charge-capture-solution-301328327.html
SOURCE EverCommerce