---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020427"
form_type: "8-K/A"
ticker: "CCLD"
cik: "0001582982"
company_name: "CareCloud, Inc."
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:06:43.341464+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CareCloud acquisition of Medsphere reveals $16.9M net loss, going concern doubt

## Summary
- Medsphere 2024 net loss of $16.9M on revenue of $39.4M, down 13.6% YoY from $45.6M.
- Goodwill impairment of $5.1M and operating loss of $8.5M in 2024.
- Cash and equivalents of $2.0M vs. total notes payable of $56.7M, $53.9M current.
- Auditor issued going concern opinion citing insufficient cash to cover $53.6M past due notes.
- Shareholders' deficit of ($49.3M) as of Dec 31, 2024; negative equity from accumulated losses.

## SEC filing metadata
- accession: 0001493152-25-020427
- form_type: 8-K/A
- ticker: CCLD
- cik: 0001582982
- company_name: CareCloud, Inc.
- filed_at: 2025-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582982/000149315225020427/0001493152-25-020427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582982/000149315225020427/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020427
- JSON: https://secwatch.observer/filing/0001493152-25-020427.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020427.txt

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