CareCloud Closes Medsphere Acquisition, Expanding into the Hospital IT Market

Transformational acquisition extends CareCloud’s reach into inpatient EHR and RCM, bringing affordable solutions to small and mid-sized hospitals nationwide.

SOMERSET, N.J., Aug. 25, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in healthcare technology and AI-powered solutions, today announced it has acquired the business assets of Medsphere Systems Corporation (“Medsphere”), a provider of enterprise inpatient and ambulatory solutions with a 23-year legacy and more than 600 current clients across 50 states and U.S. territories.

“Medsphere and CareCloud are creating a next-generation platform—faster, smarter, and well aligned with the evolving needs of health systems,” said Robert Hendricks, a member of the Board of Directors of Medsphere. “Our 600+ clients will benefit from integrating our full-stack offering with CareCloud’s AI and R&D infrastructure, positioning the combined company as an unmatched provider across the full care continuum.”

“This is one of the most transformational transactions in our history,” said Stephen Snyder, Co-Chief Executive Officer of CareCloud. “By combining our advanced AI capabilities with Medsphere’s proven technology, we will deliver an affordable, scalable solution for resource-constrained small and middle-market hospitals across the country. These facilities are often underserved by cost-prohibitive large enterprise vendors, and we see a tremendous opportunity to help them modernize operations, improve patient care, and strengthen their financial position.”

Medsphere’s hospital IT ecosystem includes:

• CareVue – integrated inpatient EHR combining clinical, financial, and patient accounting workflows
  
  
• RCM Cloud – Azure-hosted revenue cycle management platform covering scheduling, registration, billing, claims, A/R, and reporting
  
  
• Wellsoft – KLAS-recognized Emergency Department Information System (“EDIS”) for acute and behavioral health
  
  
• HealthLine – supply chain and inventory management tools for hospital environments
  
  
• ChartLogic – ambulatory EHR and practice management suite for physician practices, with a focus on orthopedics
  
  
• Phoenix & Systeem IT Managed Services – vendor-neutral services including implementation, help desk, interface management, and infrastructure support
  

The transaction closed on August 22, 2025. Additional details are available in CareCloud’s Form 8-K to be filed later today.

About CareCloud

CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com .

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For additional information, please visit our website at carecloud.com . To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com .

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SOURCE: CareCloud

Company Contact:
Norman Roth
Interim Chief Financial Officer and Corporate Controller
CareCloud, Inc.
[email protected]

Investor Contact:
Stephen Snyder
Co-Chief Executive Officer
CareCloud, Inc.
[email protected]