Benzinga | Jul 9, 2021 06:20AM EDT

EverCommerce Acquires Medical Design Technologies For Undisclosed Sum

* Service commerce platform EverCommerce Inc (NASDAQ: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.