EverCommerce Acquires Medical Design Technologies For Undisclosed Sum

Service commerce platform EverCommerce Inc EVCM acquired Medical Design Technologies (MDTech) for undisclosed financial terms.
Houston, Texas-based MDTech offers 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. EverHealth serves more than 72,000 customers with solutions for practice management, electronic medical records, patient engagement, and digital marketing.
"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," said Matt Feierstein, President of EverCommerce.
It recently acquired Timely, an appointment booking and business management software company used by spas and salons across the U.K., Australia, and New Zealand.
EverCommerce just raised $325 million from its initial public offering.
Price action: EVCM shares closed lower by 1.45% at $16.99 on Thursday.