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Somerset-based MTBC Inc. said Wednesday it closed on its acquisition of Meridian Medical Management, a former GE Healthcare IT company that delivers advanced health care information technology solutions and services.

“Meridian is our largest acquisition to date,” said MTBC Chief Executive Officer Stephen Snyder. “We expect to provide increased revenue guidance as part of our second quarter investors call as a result of this transaction. We also believe that Meridian’s team, digital assets, and customer base will help further accelerate our growth and margin expansion during 2021 and beyond.”

Meridian’s Robotic Process Automation (RPA) solution leverages digital assistants called “Microbots” that replace mundane, repetitive processes, allowing organization scalability and increased production in a HIPAA-compliant environment.

Meridian’s digital assets also include cloud-based business intelligence software that will elevate MTBC’s solutions with additional tools to help its customers scale and increase profitability.

Meridian Billing Management Co., a Vermont corporation, was known as GE Healthcare Strategic Sourcing Corp. prior to being acquired by Gores Meridian Medical Holdings LLC in 2013. Meridian employs more than 200 team members and maintains offices throughout the U.S., including in Rutherford; Hartford; Seattle; Reading, Pa.; and Hutchinson, Kan.

MTBC acquired Meridian Billing Management and its affiliate, Origin Healthcare Solutions, and subsidiaries, on June 16, 2020, through the closing of a stock purchase agreement.

B. Riley FBR Inc. acted as exclusive investment banker to Meridian in connection with the transaction. Crosstree acted as advisors to MTBC.