CareCloud, Inc. (CCLD): M&A transaction — CareCloud closes $16.5M acquisition of Medsphere, expands into hospital IT market

CareCloud, Inc.

Total purchase price $16.5M: $8.25M cash plus $8.25M deferred payment to Wells Fargo at 12% interest, due Feb 20, 2026.
Medsphere brings 600+ clients across 50 states; products include CareVue inpatient EHR, RCM Cloud, Wellsoft EDIS, and ChartLogic.
Acquisition adds hospital IT capabilities; CareCloud expects annual long-term revenue approximating purchase price.
Deferred payment and guaranty secured by assets of CareCloud and subsidiaries under Bank Documents.
Transition services agreement signed to assist with integration of acquired assets.

item 1.01 item 2.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CareCloud, Inc. incurred debt of $8,250,000 with Wells Fargo Bank, N.A. at 12% per year maturing February 20, 2026.

Principal: $8,250,000
Counterparty: Wells Fargo Bank, N.A.
Rate: 12% per year
Maturity: February 20, 2026
Event: incurrence

Exact text from the filing

$8,250,000 payable by Holdings to Seller’s secured bank lender Wells Fargo Bank, N.A. (“Wells Fargo”) pursuant to a Deferred Payment Agreement, bearing interest at a rate of 12% per year with a maturity date of February 20, 2026

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CareCloud, Inc. completed an acquisition involving Medsphere Systems Corporation for $16,500,000 (closed 2025-08-22).

Action: acquisition
Counterparty: Medsphere Systems Corporation
Consideration: $16,500,000
Closing: 2025-08-22

Exact text from the filing

is in the business of providing healthcare IT software and related services to the U.S. inpatient and ambulatory market. The aggregate purchase price for the acquisition was $16,500,000, plus the assumption of certain liabilities. The Company believes that the expected annual long-term revenue approximates the purchase price, consistent with prior acquisitions.

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CareCloud, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-012294

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