Net Medical Xpress Solutions, Inc. completed the acquisition of MedTel Solutions, LLC from two founders of MedTel for $0.34 million.
Net Medical Xpress Solutions, Inc. (OTCPK:NMXS) signed a merger agreement to acquire MedTel Solutions, LLC from two founders of MedTel June 28, 2013.
Net Medical Xpress Solutions, Inc. (OTCPK:NMXS) completed the acquisition of MedTel Solutions, LLC from two founders of MedTel for $0.34 million on July 1, 2013. As a part of consideration, NMXS will issue 3 million shares. NMXS also entered into emplyment agreement with founders. The deal is expected to be immediately accretive to net income. As of September 30, 2013, 3 million shares to MedTel, were unissued.