iCoreConnect Inc. Announces Strategic Acquisition of Healthcare Circle of Excellence Assets
03 Oktober 2024 - 2:30PM
iCoreConnect Inc. (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’s 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.
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 ‘believes,’
‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’
‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’
‘approximately’ 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. “Risk Factors” in the Company’s most recently filed
Form 10-K filed with the Securities and Exchange Commission (“SEC”)
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:IR@icoreconnect.com888.810.7706, ext 5
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