CareCloud, Inc.

3.0200-0.02 (-0.66%)

Oct 29, 4:00:01 PM EDT · NasdaqGM · CCLD · USD

Upcoming Earnings

Report date

Nov 6, 2025 (in 7 days)

Key Stats

Market Cap

127.81M

P/E (TTM)

Basic EPS (TTM)

-0.02

Dividend Yield

Recent Filings

8-K

Preferred dividends declared

10/7/25Oct 7, 2025

CareCloud declared monthly cash dividends on its Series A and Series B Cumulative Redeemable Perpetual Preferred Stock for October through December 2025, at $0.18229 per share for both series, with Series A holders receiving additional payments of up to $0.04688 per share to cover prior 11% accrual rates before the September 11, 2024 switch to 8.75%. Payments occur on November 17, 2025, December 15, 2025, and January 15, 2026, based on record dates at month-end. Dividends remain cumulative and payable monthly. Series A was delisted post its March 6, 2025 mandatory conversion.

8-K

CareCloud closes $10M credit facility

9/9/25Sep 9, 2025

CareCloud secured a $10 million revolving credit line from Provident Bank on September 3, 2025, drawing $8.3 million to repay a Wells Fargo obligation tied to its Medsphere acquisition. The facility, maturing September 1, 2027, bears interest at SOFR plus 3%—under 7.5% currently—offering better terms than the prior note while secured by all assets. This bolsters liquidity for growth. Obligations must meet quarterly covenants.

8-K

CareCloud acquires Medsphere assets

8/25/25Aug 25, 2025

CareCloud closed its $16.5 million acquisition of Medsphere Systems' assets on August 22, 2025, gaining inpatient EHR, RCM, and related healthcare IT solutions to target small and mid-sized hospitals. The deal splits evenly between cash and a 12% interest-bearing deferred payment to Wells Fargo due February 20, 2026, secured by company assets, with expected annual revenue matching the price. A transition services agreement ensures smooth integration. Risks include integration challenges and customer retention uncertainties.

8-K

Terminates $10M credit line

8/22/25Aug 22, 2025

CareCloud terminated its $10 million secured revolving line of credit with Silicon Valley Bank on August 18, 2025, ending the agreement originally dated October 13, 2017. The move clears the old facility, which supported liquidity needs. Company plans to replace it with a similar line soon. This shift maintains borrowing access without disruption.

8-K

Auditor switch due to growth

8/15/25Aug 15, 2025

CareCloud's auditor RRBB resigned on August 14, 2025, citing insufficient staffing for SOX 404(b) attestation after the company's public float topped $75 million as of June 30. The audit committee swiftly appointed Tanner LLC as the new firm for the quarter ending September 30 and fiscal year ending December 31, 2025. No disagreements or reportable events marred the prior audits. Smooth transition ahead.

About

CareCloud, Inc., a healthcare information technology (IT) company, provides technology-enabled business solutions, Software-as-a-Service offerings, and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. It also offers revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, therapists, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.

CEO

Mr. Mahmud U. Haq

IPO

7/23/2014

Website

https://www.carecloud.com

Employees

3,650

Sector

Healthcare

Industry

Health Information Services