MTBC, a provider of revenue cycle and cloud-based healthcare IT solutions, increased its secured line of credit with Silicon Valley Bank, which is currently untapped, to $10 million to support future growth.
“In the year since we started working with MTBC, it has been great to watch them complete the integration of MediGain, double their adjusted EBITDA and strengthen their balance sheet,” said Tom Gordon, managing director of Silicon Valley Bank.
MTBC’s revolving line of credit from Silicon Valley Bank provides up to $10 million in capital to be used for growth and general corporate purposes.
MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers.
