---
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"
generated_at: "2026-05-17T10:13:23.479715+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CareCloud closes $16.5M acquisition of Medsphere, expands into hospital IT market

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-012294
- JSON: https://secwatch.observer/filing/0001493152-25-012294.json
- Plain text: https://secwatch.observer/filing/0001493152-25-012294.txt

## Key facts
- Debt Financings
  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
  source text: $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_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315225012294/0001493152-25-012294-index.htm
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582982/000149315225012294/0001493152-25-012294-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.