{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-012294","form_type":"8-K","ticker":"CCLD","cik":"0001582982","company_name":"CareCloud, Inc.","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.416222+00:00","generated_at":"2026-05-17T10:13:23.479715+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CareCloud closes $16.5M acquisition of Medsphere, expands into hospital IT market","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-012294","json":"https://secwatch.observer/filing/0001493152-25-012294.json","markdown":"https://secwatch.observer/filing/0001493152-25-012294.md","text":"https://secwatch.observer/filing/0001493152-25-012294.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1582982/000149315225012294/0001493152-25-012294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1582982/000149315225012294/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:13:23.479715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4916e6756eabbb6067e6f7fede86dd9dc1fdd8ac","claim":"CareCloud, Inc. incurred debt of $8,250,000 with Wells Fargo Bank, N.A. at 12% per year maturing February 20, 2026.","evidence_excerpt":"$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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582982/000149315225012294/0001493152-25-012294-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$8,250,000"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Rate","value":"12% per year"},{"label":"Maturity","value":"February 20, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f762de442746f66cd53df612d3218e7edf91e21a","claim":"CareCloud, Inc. completed an acquisition involving Medsphere Systems Corporation for $16,500,000 (closed 2025-08-22).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582982/000149315225012294/0001493152-25-012294-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Medsphere Systems Corporation"},{"label":"Consideration","value":"$16,500,000"},{"label":"Closing","value":"2025-08-22"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}