iCoreConnect IncICCT shares are trading higher after announcing the acquisition of Verifi Dental, marking a significant milestone in the company’s growth trajectory.
This strategic move is anticipated to expand ICCT’s suite of SaaS software solutions tailored for the healthcare sector, reinforcing its competitive positioning in the industry.
Robert McDermott, President and CEO, expressed, “This strategic acquisition signifies positive momentum for the Company and the advancement of our growth strategy. The addition of Verifi brings iCore enhanced capabilities, a broader market presence, and ultimately improves the value we offer to our customers and stakeholders.”
“We believe the combined strengths of iCoreConnect and Verifi will position us as a formidable force in the insurance verification sector. These strengths will bring us complementary expertise, and additional products and service offerings, including synergies and operational efficiencies.”
Notably, this acquisition follows ICCT’s recent purchase of Teamworx Dental, further bolstering its SaaS software solutions offering, and the procurement of FeatherPay, expanding its presence in the fintech sector.
As of September 2023, the company held cash of $0.457 million, a testament to its robust financial position.
Price Action: ICCT shares surged 17.69% to $1.53 premarket on the last check Wednesday, reflecting the market’s positive response to these strategic initiatives.
