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iCoreConnect Inc. Announces Strategic Acquisition of Healthcare Circle of Excellence Assets

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iCoreConnect Inc. (NASDAQ: ICCT) has announced the acquisition of substantially all assets of the Healthcare Circle of Excellence (HCofE). This strategic move positions iCoreConnect as a leader in providing essential resources and solutions to help local healthcare community partners and practices remain independent and thrive. The company plans to launch a new Healthcare Circle of Excellence division and website to identify critical needs of practitioners and offer vetted solutions.

Key points of the acquisition include:

  • Expansion of iCoreConnect's partnerships and resources
  • Launch of a new Healthcare Circle of Excellence division
  • Creation of a website offering tailored solutions for healthcare practices
  • Continued involvement of HCofE founders in expanding partnerships
  • Focus on empowering locally vetted teams of healthcare business professionals

This acquisition aims to enhance iCoreConnect's ability to support the financial success of healthcare practices across the U.S.

iCoreConnect Inc. (NASDAQ: ICCT) ha annunciato l'acquisizione della maggior parte degli attivi del Healthcare Circle of Excellence (HCofE). Questa mossa strategica posiziona iCoreConnect come leader nella fornitura di risorse e soluzioni essenziali per aiutare i partner della comunit脿 sanitaria locale e le pratiche a rimanere indipendenti e prosperare. L'azienda prevede di lanciare una nuova divisione e un sito web del Healthcare Circle of Excellence per identificare le necessit脿 critiche dei professionisti e offrire soluzioni selezionate.

Punti chiave dell'acquisizione includono:

  • Espansione delle partnership e delle risorse di iCoreConnect
  • Lancio di una nuova divisione del Healthcare Circle of Excellence
  • Creazione di un sito web che offre soluzioni su misura per le pratiche sanitarie
  • Coinvolgimento continuo dei fondatori dell'HCofE nell'espansione delle partnership
  • Focus sul potenziamento di team di professionisti del business sanitario validati localmente

Questa acquisizione mira a migliorare la capacit脿 di iCoreConnect di sostenere il successo finanziario delle pratiche sanitarie negli Stati Uniti.

iCoreConnect Inc. (NASDAQ: ICCT) ha anunciado la adquisici贸n de la mayor铆a de los activos del Healthcare Circle of Excellence (HCofE). Este movimiento estrat茅gico posiciona a iCoreConnect como un l铆der en la provisi贸n de recursos y soluciones esenciales para ayudar a los socios de la comunidad de atenci贸n m茅dica local y a las pr谩cticas a permanecer independientes y prosperar. La empresa planea lanzar una nueva divisi贸n y un sitio web del Healthcare Circle of Excellence para identificar las necesidades cr铆ticas de los profesionales y ofrecer soluciones seleccionadas.

Puntos clave de la adquisici贸n incluyen:

  • Expansi贸n de las asociaciones y recursos de iCoreConnect
  • Lanzamiento de una nueva divisi贸n del Healthcare Circle of Excellence
  • Creaci贸n de un sitio web que ofrece soluciones personalizadas para pr谩cticas de salud
  • Continuo involucramiento de los fundadores de HCofE en la expansi贸n de asociaciones
  • Enfoque en empoderar equipos de profesionales de negocios de atenci贸n m茅dica validados localmente

Esta adquisici贸n tiene como objetivo mejorar la capacidad de iCoreConnect para apoyar el 茅xito financiero de las pr谩cticas de atenci贸n m茅dica en los Estados Unidos.

鞎勳澊旖旍柎旎る劌韸 欤检嫕須岇偓 (NASDAQ: ICCT)電 項姢旒鞏 鞖办垬 靾滍櫂旮瓣惮(Healthcare Circle of Excellence, HCofE)鞚 鞛愳偘 雽攵攵勳潉 鞚胳垬頄堧嫟瓿 氚滍憸頄堨姷雼堧嫟. 鞚 鞝勲灥鞝 鞗歆侅瀯鞚 鞎勳澊旖旍柎旎る劌韸戈皜 歆鞐 鞚橂 旎る雼堩嫲 韺岉姼雱 氚 鞚橂 旮瓣磤鞚 霃呺靹膘潉 鞙犾頃橁碃 靹膘灔頃 靾 鞛堧弰搿 欷戩殧頃 毽唽鞀れ檧 靻旊(靺橃潉 鞝滉车頃橂姅 靹犽憪欤检瀽搿 鞛愲Μ毵り箑頃橁矊 頃╇媹雼. 須岇偓電 鞚橂 鞝勲臧鞚 欷戩殧頃 鞖旉惮毳 韺岇晠頃橁碃 瓴歃濍悳 靻旊(靺橃潉 鞝滉车頃橁赴 鞙勴暣 靸堧鞖 項姢旒鞏 鞖办垬 靾滍櫂旮瓣惮 攵靹滌檧 鞗轨偓鞚错姼毳 於滌嫓頃 瓿勴殟鞛呺媹雼.

鞚胳垬鞚 欤检殧 靷暛鞚 雼れ潓瓿 臧欖姷雼堧嫟:

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  • 靸堧鞖 項姢旒鞏 鞖办垬 靾滍櫂旮瓣惮 攵靹 於滊矓
  • 鞚橂 旮瓣磤鞚 鞙勴暅 毵烄钉順 靻旊(靺橃潉 鞝滉车頃橂姅 鞗轨偓鞚错姼 靸濎劚
  • 韺岉姼雱堨嫮 頇曥灔鞐愳劀 HCofE 彀诫鞛愲摛鞚 歆靻嶌爜鞚 彀胳棳
  • 順勳鞐愳劀 瓴歃濍悳 鞚橂 牍勳雼堨姢 鞝勲臧 韺鞚 歆鞗愴晿電 雿 齑堨爯

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iCoreConnect Inc. (NASDAQ: ICCT) a annonc茅 l'acquisition de la plupart des actifs du Healthcare Circle of Excellence (HCofE). Ce mouvement strat茅gique positionne iCoreConnect en tant que leader dans la fourniture de ressources et de solutions essentielles pour aider les partenaires de la communaut茅 de sant茅 locale et les pratiques 脿 rester ind茅pendants et 脿 prosp茅rer. L'entreprise pr茅voit de lancer une nouvelle division et un site Web du Healthcare Circle of Excellence pour identifier les besoins critiques des praticiens et offrir des solutions v茅rifi茅es.

Les points cl茅s de l'acquisition incluent :

  • Expansion des partenariats et des ressources d'iCoreConnect
  • Lancement d'une nouvelle division du Healthcare Circle of Excellence
  • Cr茅ation d'un site Web proposant des solutions sur mesure pour les pratiques de sant茅
  • Engagement continu des fondateurs de HCofE dans l'expansion des partenariats
  • Accent sur l'autonomisation des 茅quipes de professionnels de la sant茅 valid茅es localement

Cette acquisition vise 脿 am茅liorer la capacit茅 d'iCoreConnect 脿 soutenir le succ猫s financier des pratiques de sant茅 aux 脡tats-Unis.

iCoreConnect Inc. (NASDAQ: ICCT) hat die 脺bernahme der meisten Verm枚genswerte des Healthcare Circle of Excellence (HCofE) bekannt gegeben. Dieser strategische Schritt positioniert iCoreConnect als f眉hrend in der Bereitstellung wesentlicher Ressourcen und L枚sungen, um den lokalen Partnern der Gesundheitsgemeinschaft und den Praxen zu helfen, unabh盲ngig zu bleiben und zu gedeihen. Das Unternehmen plant die Einf眉hrung einer neuen Abteilung des Healthcare Circle of Excellence sowie einer Website, um die kritischen Bed眉rfnisse der Praktiker zu identifizieren und gepr眉fte L枚sungen anzubieten.

Wesentliche Punkte der 脺bernahme umfassen:

  • Erweiterung der Partnerschaften und Ressourcen von iCoreConnect
  • Einf眉hrung einer neuen Abteilung des Healthcare Circle of Excellence
  • Erstellung einer Website, die ma脽geschneiderte L枚sungen f眉r Gesundheitseinrichtungen anbietet
  • Fortgesetzte Beteiligung der Gr眉nder von HCofE an der Erweiterung von Partnerschaften
  • Fokus auf die St盲rkung von local validierten Teams von Gesundheitsfachleuten

Ziel dieser 脺bernahme ist es, die F盲higkeit von iCoreConnect zu verbessern, den finanziellen Erfolg der Gesundheitspraktiken in den USA zu unterst眉tzen.

Positive
  • Acquisition of Healthcare Circle of Excellence assets strengthens iCoreConnect's market position
  • Expansion of partnerships and resources to better serve healthcare practices
  • Launch of new Healthcare Circle of Excellence division to provide tailored solutions
  • Potential for increased revenue and market share through expanded offerings
Negative
  • None.

Insights

This acquisition is a strategic move for iCoreConnect, potentially expanding its market reach and service offerings in the healthcare sector. The integration of Healthcare Circle of Excellence assets could lead to increased revenue streams and a stronger competitive position. While financial details are not disclosed, the acquisition's impact on iCoreConnect's bottom line will be important to monitor. The company's focus on empowering independent healthcare practices aligns with industry trends towards supporting smaller, local healthcare providers. Investors should watch for synergies between iCoreConnect's existing cloud-based solutions and the new HCofE division, as well as any potential increase in customer acquisition or retention rates. The involvement of HCofE founders in expanding partnerships could accelerate growth, but execution risks remain. Overall, this move could enhance iCoreConnect's value proposition, potentially driving long-term shareholder value if successfully integrated and monetized.

iCoreConnect's acquisition of HCofE assets represents a significant step in addressing the evolving needs of independent healthcare practices. By integrating HCofE's partnerships and resources, iCoreConnect is positioning itself as a more comprehensive solution provider in the healthcare technology space. The planned launch of a new website and division focused on identifying and meeting critical practitioner needs could lead to more tailored and effective products. This move aligns with the industry trend of offering integrated platforms that combine financial management, workflow efficiency and practice resources. The success of this initiative will depend on iCoreConnect's ability to leverage these new assets effectively, particularly in enhancing its cloud-based software offerings. If executed well, this could result in improved customer retention and expansion of iCoreConnect's market share in the competitive healthcare IT sector.

OCOEE, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ICCT), a prominent cloud-based software and technology provider dedicated to enhancing workflow efficiency and profitability through its enterprise and healthcare platform, today announced the acquisition of substantially all of the assets of the Healthcare Circle of Excellence (HCofE). This acquisition positions iCoreConnect as a leader in providing essential resources and solutions to help local healthcare community partners and practices remain independent and thrive.

The strategic move marks a significant expansion of iCoreConnect's partnerships and resources, further enhancing its ability to meet the critical needs of healthcare practices and professionals with comprehensive, cutting-edge solutions. The acquisition strengthens the company's efforts to empower medical and dental practices with innovative solutions and valuable resources, fostering financial success by supporting local healthcare community partnerships across the U.S.

As part of the asset acquisition, iCoreConnect revealed plans to launch a new Healthcare Circle of Excellence division and a website designed to identify the critical needs of practitioners and practices while offering a wide array of vetted solutions and resources. Additionally, the HCofE founders will continue to play a key role in expanding healthcare community partnerships across the U.S. and enriching the website's offerings. The new division will focus on empowering locally vetted teams of healthcare business professionals to partner strategically with practitioners, practices, associations, organizations, and students, providing tailored solutions to address their evolving needs.

Robert McDermott, President and CEO of iCoreConnect, expressed his excitement: "Integrating these partnerships, solutions, and resources into iCoreConnect鈥檚 ecosystem marks a major milestone in our mission to understand better and address the changing needs of medical and dental practices. The new Healthcare Circle of Excellence website will be an invaluable resource for our partners, practices, practitioners, and students nationwide. We are thrilled about the opportunities this acquisition brings to further support the financial success of healthcare practices."

Certain former members of HCofE have joined iCoreConnect and shared their enthusiasm: "We are thrilled to join the iCoreConnect team and leverage their technologies, resources, and expertise in supporting practices, partnerships, and associations. This partnership will empower our local HCofE teams to support healthcare communities across the country successfully."

With this acquisition, iCoreConnect continues to set new standards in healthcare financial management, driving improved performance and profitability for healthcare practices.

About iCoreConnect Inc.

is a market leader in cloud-based software and technology solutions, designed to enhance workflow productivity and profitability in the enterprise and healthcare sectors. Through its innovative platform of applications and services, iCoreConnect helps organizations optimize their operations and achieve better business outcomes.

Forward-Looking Statements

Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including 鈥榖elieves,鈥 鈥榚stimates,鈥 鈥榓nticipates,鈥 鈥榚xpects,鈥 鈥榩lans,鈥 鈥榩rojects,鈥 鈥榠ntends,鈥 鈥榩otential,鈥 鈥榤ay,鈥 鈥榗ould,鈥 鈥榤ight,鈥 鈥榳ill,鈥 鈥榮hould,鈥 鈥榓pproximately鈥 or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. 鈥淩isk Factors鈥 in the Company鈥檚 most recently filed Form 10-K filed with the Securities and Exchange Commission (鈥淪EC鈥) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Investor Contacts:

888.810.7706, ext 5


FAQ

What assets did iCoreConnect (ICCT) acquire in the recent announcement?

iCoreConnect (ICCT) acquired substantially all of the assets of the Healthcare Circle of Excellence (HCofE).

How will the acquisition impact iCoreConnect's (ICCT) service offerings?

The acquisition will expand iCoreConnect's partnerships and resources, allowing the company to offer more comprehensive solutions to healthcare practices and professionals.

What new division is iCoreConnect (ICCT) planning to launch following the acquisition?

iCoreConnect (ICCT) plans to launch a new Healthcare Circle of Excellence division and website to identify critical needs of practitioners and offer vetted solutions.

How will the acquisition affect Healthcare Circle of Excellence (HCofE) founders?

The HCofE founders will continue to play a key role in expanding healthcare community partnerships across the U.S. and enriching the new website's offerings.

iCoreConnect Inc.

NASDAQ:ICCT

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Health Information Services
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United States of America
OCOEE