Acquisition of MDRX Medical Billing LLC

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10 February 2016

Constellation Healthcare Technologies, Inc.

("Constellation", "CHT", "the Company" or "Group")

Acquisition of MDRX Medical Billing LLC

Constellation Healthcare Technologies, Inc., the US-based healthcare services and technology Company, announces that it has successfully completed the acquisition of MDRX Medical Billing LLC ("MDRX") on the same terms detailed in the shareholder circular of 11 December 2015. Constellation has paid $28.0 million on completion with up to a further $2.0 million in cash due, based on the fulfillment of certain revenue targets by MDRX during the next two years. MDRX has been purchased on a cash free, debt free basis and is expected to be immediately earnings enhancing for the Group.

MDRX is a US based healthcare service provider primarily in the billing practice management and healthcare consulting space. They have a nationwide presence and bring approximately 3,500 more Physicians onto the Constellation platform. The majority of these Physicians are large sized hospital based Physician groups. MDRX has proprietary tools that automate workflow in areas such as insurance authorization for in-practice procedures, pre-authorizations for any prescription of medicines or procedures which in turn streamline and optimize medical billing. MDRX brings a vast database of benchmarking of 100 plus critical billing tasks and steps which allows Constellation to create an optimized platform for billing and collections.

Paul Parmar, Chief Executive Officer of Constellation commented:

"The closing of the MDRX transaction will further increase CHT's revenue and significant cost savings will be borne out by MDRX being part of the CHT platform. MDRX will be our fourth acquisition since our IPO. We continue to evaluate a pipeline of acquisition opportunities which meet our strict criteria of being able to generate recurring revenue while generating significant profitability. MDRX augments the existing Physicians on the Constellation platform in States such as California, Florida and New York and adds new geographies such as Alabama, Louisiana, New Mexico and Utah. With this transaction completed CHT will collect approximately $2 billion annually for physicians across the US and will increase our footprint in new territories."

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