- Royal Bank of Canada ( NYSE: RY ) has acquired MDBilling.ca , a cloud-based platform that automates and simplifies medical billing for physicians in Canada, adding to RBC's Dr. Bill medical billing firm it acquired in 2020.
- MDBilling.ca is used by close to 9,000 Canadian physicians with more than C$2.3B in OHIP claims paid through the platform since it started in 2008.
- Financial terms of the deal weren't disclosed.
- In March, RBC ( RY ) agreed to acquire Brewin Dolphin, a provider of discretionary wealth management in the U.K. and Ireland, for C$2.6B.
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Royal Bank of Canada acquires medical billing platform MDBilling.ca