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 1.01item 2.01item 2.03item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.