iCoreConnect Inc. Announces Strategic Acquisition of Healthcare Circle of Excellence Assets
OCOEE, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- 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.com
888.810.7706, ext 5
Released October 3, 2024