ORNHQ: Bankruptcy PLAN effective. All shares cancelled:

https://otce.finra.org/otce/dailyList?viewType=Deletions

Hiiiii
Are you still in this
Please?

thanks for the heads up on ADNY

https://dm.epiq11.com/#/case/orionhealthcorp/info
https://dm.epiq11.com/#/case/orionhealthcorp/dockets

How do you know they won't delist this stock?

$ORNHQ: Awesome Development... Should send $ORNHQ to $0.25

GO $ORNHQ


Just like $BIOAQ is on the move these days.

ORNHQ AUG 1 :sale of NYNM Assets to HealthTek Solutions for $16.5 Million Approved
https://bankruptcompanynews.com/orion-healthcorp-sale-of-nynm-assets-to-healthtek-solutions-for-16-5-million-approved/

$ORNHQ: MTBC Q2-2018 earnings call on 8/8/18 discussing $ORNHQ integration

http://www.mtbc.com/about-us/press-room/press_release?id=10701


GO $ORNHQ

$ORNHQ: 2018 Medical Billing CODES


http://www.orionhealthcorp.com/blog/pathology-billing-coding-updates-for-2018?utm_campaign=Pathology&utm_content=64659244&utm_medium=social&utm_source=twitter



GO $ORNHQ

$ORNHQ: MTB welcomes $ORNHQ customers aboard.


https://twitter.com/MTBC_UniqHIT/status/1019931236188479488



GO $ORNHQ





********************************************************


MTBC Successfully Closes Orion, Largest Acquisition to Date



Share1Print
July 02, 2018 11:13 ET | Source: MTBC
Company Acquires Assets of Orion Healthcorp, Inc. and its 13 Affiliates

SOMERSET, N.J.,, July 02, 2018 (GLOBE NEWSWIRE) -- MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of revenue cycle and cloud-based healthcare IT solutions, today announced that it has completed its acquisition of the assets of Orion Healthcorp, Inc. and 13 of its affiliate companies (together "Orion"), through MTBC's wholly owned subsidiaries MTBC Health, Inc. and MTBC Practice Management, Corp. (together "MTBC"). This transaction is the latest in a line of successful acquisitions and marks MTBC's largest to date.

"The Orion acquisition is an important milestone and will further expand our client base, team, and offerings," said Stephen Snyder, CEO. "This combination will significantly accelerate our growth as we scale our business, enabling us to grow revenues without a corresponding increase in overhead, while expanding margins and investing in the people and technology that enable us to provide world class service. It also opens up two new revenue segments - long-term practice management services and a physician group purchasing organization - each of which presents growth opportunities and potential cross-selling."

"Joining MTBC marks an exciting turning point for the more than three hundred Orion employees who are now part of the MTBC team," said Kelli Caskey, who was previously a key member of the Orion team and now serves as president of MTBC Health. "We are thrilled to join MTBC's world-class organization and look forward to leveraging our combined team and resources to help our clients increase revenues, reduce operating costs, and streamline workflows."

The business units acquired from Orion had offices in 10 states, which are now operated by MTBC. As part of the acquisition, MTBC acquired most of the assets of Orion, including revenue cycle management service contracts with more than 150 hospitals and independent healthcare practices. In addition, MTBC acquired Orion's practice management services group, which manages three pediatric practices in Ohio and Illinois, through multi-decade management services agreements ("MSA").

"In addition to the RCM contracts and MSAs, MTBC acquired Orion’s group purchasing organization ("GPO"), which enables thousands of physicians to purchase vaccines from leading pharmaceutical companies at discounted rates. We look forward to making this valuable service available to all MTBC customers and introducing our new GPO customers to MTBC's full suite of services," said Snyder.

Additional information regarding the Orion transaction can be found in MTBC's 8-K, which was filed with the United States Securities and Exchange Commission on July 2, 2018.

About MTBC
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. Our integrated Software-as-a-Service (or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC's common stock trades on the NASDAQ Capital Market under the ticker symbol "MTBC," and its Series A Preferred Stock trades on the NASDAQ Capital Market under the ticker symbol "MTBCP."

For additional information, please visit our website at www.mtbc.com.

Follow MTBC on Twitter, LinkedIn and Facebook.

Forward Looking Statement
This press release contains various forward-looking statements within the meaning of the federal securities laws. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "might," "will," "should," "intends," "expects," "plans," "goals," "projects," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these terms or other comparable terminology.

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, increased sales and marketing expenses, and the expected results from the integration of our acquisitions.

These forward-looking statements are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry's) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company's ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, and other important risks and uncertainties referenced and discussed under the heading titled "Risk Factors" in the Company's filings with the Securities and Exchange Commission.

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE MTBC

Company and Investor Contact:
Bill Korn
Chief Financial Officer
Medical Transcription Billing, Corp.
bkorn@mtbc.com
732-873-5133

$ORNHQ: Gonna make a $BIOAQ type move soon.


Website active... plenty of action.


https://orionhealth.com/us/



GO $ORNHQ

$ORNHQ .0004 -%80 seems cheap

$ORNHQ: Value here should be $0.10-0.12 based on Asset Acquisition

Waiting to Pop.


Be Patient... it will.


GO $ORNHQ

$ORNHQ: NEWS.... MTBC Acquiring ORHNQ assets for $10-12Million

Currently at $0.01

https://uk.reuters.com/article/brief-medical-transcription-billing-says/brief-medical-transcription-billing-says-on-may-4-executed-apa-to-buy-assets-of-orion-healthcorp-13-of-its-affiliates-idUKFWN1SE0CQ


******************************************************************************************************

MTBC (MTBC) to Acquire Assets of Orion Healthcorp

MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of cloud-based healthcare IT and revenue cycle management solutions, today announced that it has entered into an Asset Purchase Agreement ("APA") to acquire substantially all of the revenue cycle, practice management, and group purchasing organization assets of Orion Healthcorp, Inc. and 13 of its affiliate companies (together "Orion"), as the primary bidder in a Section 363 sale under the U.S. Bankruptcy Code. Upon a successful closing, management expects the transaction would increase MTBC's annualized revenues by at least 50%.

"The Orion acquisition has the potential to be transformative," said Stephen Snyder, MTBC Chief Executive Officer. "Our last major acquisition enabled us to achieve record revenue growth and earnings during 2017 as we helped our acquired customers increase practice collections and leverage our industry leading platform. With Orion, we see an even greater opportunity to add value to Orion's customers, its employees, and our shareholders, as we have done with prior transactions."

"At closing, the Orion transaction would likely expand our service offerings to include long-term practice management services, niche hospital offerings, and a pharmaceutical group purchasing organization that provides discounts to its physician customers," said Snyder. "These new offerings and customer relationships present compelling opportunities for cross-selling our solutions and driving additional growth."

"The opportunity presented by Orion is tailor-made for MTBC," said Bill Korn, MTBC Chief Financial Officer. "Our highly scalable proprietary technology and processes, experienced team, and strong balance sheet have made us the leading consolidator in our space. We are uniquely equipped to succeed with the Orion transaction, having successfully integrated MediGain's business, which faced a similar situation before we purchased their assets 20 months ago. That transaction allowed MTBC to grow revenues by 30% in 2017 and achieve record profitability, and after successful integration of Orion, we expect to be able to grow our annualized revenues by at least another 50%, to achieve a scale which will allow us to further expand our profit margins."

Orion provides revenue cycle management and other services to independent healthcare practices and hospitals throughout the country. Orion maintains offices in 10 states and employs more than 300 team members.



Under the APA, MTBC would acquire most of Orion's assets, including customer contracts, accounts receivable, certain equipment, and goodwill, free and clear of all liabilities except for those that are expressly assumed. The purchase price, which MTBC expects to pay from its available cash balance, is expected to be between $10 and $12 million, but is subject to adjustment or the receipt of higher offers.

Global investment bank, Houlihan Lokey (NYSE: HLI), is advising the sellers in this transaction. The sale process will be administered by the United States Bankruptcy Court for the Eastern District of New York (the "Court") and governed by the United States Bankruptcy Code. Other interested parties will be provided the opportunity to submit bids prior to a deadline set by the Court. If other qualified bids are submitted, an auction process will be conducted, in which case the agreement with MTBC would set the floor value for the auction. Approval of a final sale to either MTBC or a competing bidder is expected to take place shortly after completion of an auction. The transaction is expected to close within 60 to 90 days, subject to customary closing conditions. Additional information regarding this transaction, including a list of the Orion entities from whom MTBC is acquiring assets, can be found in MTBC’s filing on Form 8-K with the Securities and Exchange Commission, dated May 7, 2018

On March 16, 2018, Orion Healthcorp, Inc. and 20 affiliated Debtors (collectively the “Debtors”) filed petitions in the United States Bankruptcy Court for the Eastern District of New York seeking relief under Chapter 11 of the United States Bankruptcy Code. The Debtors' cases have been assigned to the Honorable Alan S. Trust.


http://dm.epiq11.com/#/case/constellationhealth/info

https://www.law.com/americanlawyer/2018/03/22/health-care-bankruptcy-leaves-big-law-in-the-lurch/?slreturn=20180226152805

https://www.cnbc.com/2018/03/16/pr-newswire-constellation-healthcare-technologies-files-voluntary-chapter-11-petitions-to-facilitate-an-orderly-and-efficient-sale-process.html

Noticed buys today of .01 and.0194, something happening?

ORNH symbol change to ORNHQ

http://otce.finra.org/DLSymbolNameChanges

$ORNH: CVS buying Aetna... Healtcare providers on FIRE

Its that time now.

Mergers & Acquisitons in the Healtcare Space.

https://www.reuters.com/article/us-aetna-m-a-cvs-health/cvs-makes-more-than-66-billion-bid-for-aetna-sources-idUSKBN1CV3CM


$ORNH

Well, there's only 1 board follower.

Company went private many years ago. Maybe one day, another company can go public by reverse merging into this shell. For now, dead money.

Why so quiet in here? Is this a sleeper, a keeper, or a bust?

$ORNH filled a few .0008s thnx !

$ORNH ON BOARD

level 2 crazy thin, need more buyers and this runs bigtime!

Shhhh. Don't let the word get out or this will be at .10 by EOM.

Qu

Yep...only 45 comments in here. NOBODY knows about this yet. Great time to grab shares at these levels. Easy 20-30 bagger in no time.

Very impressive indeed hidden gem just waiting to be discovered

700% increase Friday. 66.67% increase Monday.
This is going to climb right back up over a dime in no time!

$16M in annual revenue and climbing.
Current o/s 105.5M shares. Glides on air....just accumulate now and wait for word to spread very soon.

6 strategic locations within the US. Corporate office in Texas.

Providing services for over 3,700 physicians!
Started as 3 companies in 1985 and all 3 companies merged in 2004.

This company is incredibly impressive!!

http://www.orionhealthcorp.com/

$ORNH: 1/10th the float traded today

Interest is getting stronger........ 32 trades already today on 1Million
shares.


$ORNH

$ORNH: Revenues are between $25-50Million/yr

https://www.glassdoor.ca/Overview/Working-at-Orion-HealthCorp-EI_IE13445.11,27.htm


Here's the UK LOndon OFFICE........













$ORNH

2017 UPDATES as word spreads today this will move even higher

And nobody is selling into the bid. Gonna have to slap the ask to claim your stake.

Yep! Caveat emptor placed on it last Friday. Looks like they are going to become current and get back onto New York Stock Exchange like they were in 2007 before they deregistered.

Even with a PE ratio of just 3, this stock should be close to $3-$5 per share.

$16M in revenues and only 12.7 million shares outstanding. This thing moves on air.

Level 2 super thin

Word getting out on 2017 Updates

Can someone post a screen shot of L2 on this thing please?

No way in this beast except to slap the ask! Up 66.67% already again.

$ORNH: Still.. thats a Crazy-ass LOW OS

Ridiculously low and has the chance to SHOOT UP .... BIGLY !!!!!!






$ORNH

$ORNH: Super solid information.... Heading to $3/shares

Very solid DD.... looks like there is good potential here.

$ORNH

2017 UPDATED info from Company blog post says over 2000 employees

2017 UPDATED info from Company expanded across the nation

Website is awesome

Millions in revenues


Could be a beast

Tiny share count on only 12.7M O/S

Updated 2017 blog posts look like Company is doing very well!

Nice comeback for this company

Did a 1 for 10 share split to decrease shares on Dec 16, 2004.

Deregistered from NYSE on Nov 30, 2007.

Dec 10, 2007 they went dark.

Orion had Caveat Emptor status added to its symbol on the most recent trading day, Friday June 9, 2017. The same day it went up 700+%.

Interesting conflict.

Orion Healthcorp (ORNH)The #1 stock to buy right now!
Orion Healthcorp (ORNH) highlights, dd and speculation



Orion Healthcorp (ORNH) is trading in the low sub-penny range, it is EXTREMELY UNDERVALUED! With 2017 updates on it's website Orion HealthCorp (ORNH) appears to be a wonderful turnaround story! Orion HealthCorp (ORNH) is today one of the largest Revenue Cycle Management Companies (RCM) in the United States, simply put they help Doctors, Hospitals and Medical Facilities get the money they are due from patients and insurance companies! They are a leader in this field working with 3,700+ healthcare organizations spanning the nation! With revenues currently estimated at $16 million and a tiny share structure listed at just 12.7M O/S they appear incredibly undervalued!


Here is what is AMAZING, back in 2008 according to SEC filings Orion Healthcorp (ORNH) did about $8 million in NET REVENUES. Today in their own words they are now "America's Top Revenue Cycle Management Company" and have grown and expanded across the US. Headquartered in Houston, Texas, Orion employs 2,000+ employees with outlying offices in California, Colorado, Georgia, New York, and Pennsylvania. Estimated revenues now are DOUBLE around $16 MILLION making them EXTREMELY UNDERVALUED trading in the sub-penny range! (Even if one was use the old 2008 revenues the current sub-penny share price would still be insanely undervalued!)

At the close of business on Friday June 9th 2017 Orion Healthcorp (ORNH) had a market cap of just $38,141 which is illustrates just how UNDERVALUED and under the radar this stock is. If you used conservative revenues from way in 2008 from SEC filings by the company you would take $8 Million and divide that by the O/S count of 12.7M it would give you a share price of 62 cents a share! If you the estimated NEW revenue figure of $16M that would give you a share price of $1.24 based upon the O/S count of 12.7M shares currently listed ion the OTC Markets. AMAZINGLY On Friday June 9th 2017, the share price of Orion Healthcorp (ORNH) closed at .0030 cents a share!

Orion Healthcorp (ORNH) website is current and it has numerous 2017 blog posts: check out some of the BLOG POST TITLES indicating 2017







Orion Healthcorp (ORNH) is predicted to update it's filings and become current on the OTC! Once current it is highly likely that a stock of this caliber will uplist to a major exchange such as the NASDAQ with the sponsoring of a major Wall Street player like Goldman Sachs! It appears to be great turnaround story, back around 2007 the company was listed on the AMEX but filed to be delisted as they were struggling. Since then they have traded on the OTC markets, but have been very quiet and slowly but surely disappeared under the radar and there share price drifted into the sub-penny range

In a recent 2017 Orion Healthcorp (ORNH) blog post the company states referring to themselves that "The best of 2017’s Revenue Cycle Management services is one focused on increasing your healthcare practice’s bottom line. For over 20 years, Orion HealthCorp has steadfastly increased profits for over 3700+ healthcare providers spanning the United States"

More About Orion HealthCorp, Inc.

America's Top Revenue Cycle Management Company

Orion HealthCorp is one of the largest Revenue Cycle Management Companies (RCM) in the United States servicing healthcare providers from the single physician practices through multi-specialty clinics and hospitals. Providing innovative technology solutions combined with the dedication and professionalism of our 2000 team employees makes Orion a leader in healthcare RCM and claims processing.
Our innovative process is designed to maximize revenue while reducing operating expenses and creating an efficient workflow. Our ability to produce software customized for your needs or to integrate our solutions with existing systems is what places Orion above the competition.

Orion HealthCorp uses it's uniquely built PARCS - Pegasus Account Receivable Collection System, an enterprise engine that enables the complete processing of claims and offers a wide-range of reporting services.
Highly automated, PARCS accelerates billing and claims processing through intelligent integration of claim data. PARCS decision support and reporting enable a practice to view the appropriate information in "real-time," resulting in effective decision making and improved management of the revenue cycle process.

Take a look at Orion Healthcorp (ORNH) AWESOME website and updated blog posts from 2017
www.orionhealthcorp.com/

Summary
Now is the time to buy shares of Orion Healthcorp (ORNH). It appears that business is booming for this medical coding/billing company! With 2000 employees and working with 3,700+ healthcare organizations spanning the nation, with new current 2017 entries on it's website it is predicted that the company will be filing to become current on the OTC Markets! One thing appears certain, the share price is RIDICULOUSLY UNDERVALUED as is the market cap, now is the time to buy shares of Orion Healthcorp (ORNH) while it is under the radar and trading near historic lows!

oops. typo 12.7M is the correct number