CareCloud Secures Credit Facility on Favorable Terms with Provident Bank to Support Medsphere Acquisition
CareCloud, Inc. (CCLD)
Company Research
Source: GlobeNewswire
New Facility Replaces Prior Acquisition-Related Promissory Note Obligation to Wells Fargo; Provides More Favorable Terms and Strengthens Liquidity while Supporting Future Growth SOMERSET, N.J., Sept. 09, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (NASDAQ: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in healthcare technology and AI-powered solutions for hospitals and medical practices nationwide, today announced it has closed a new $10 million credit facility with Provident Bank (“Provident”) on September 3, 2025, approximately $8.3 million of which was drawn down at closing to support the recent acquisition of the assets of Medsphere Systems Corporation (“Medsphere”). This is the Company’s sole credit facility, and its terms are far more favorable than those of the Wells Fargo promissory note, which was replaced in full by this facility. “Our new credit facility provides CareCloud with improved flexibility, a lower cost of borrowing, and the financial strength to continue e
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CCLD
News
- How the Narrative Surrounding CareCloud Is Shifting With New Analyst Insights and Growth Updates [Yahoo! Finance]Yahoo! Finance
- CareCloud (NASDAQ:CCLD) is now covered by analysts at ThinkEquity. They set a "buy" rating on the stock.MarketBeat
- CareCloud (NASDAQ:CCLD) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- How the CareCloud Story Is Shifting as Analysts Weigh Recent Optimism and Ongoing Risks [Yahoo! Finance]Yahoo! Finance
- CareCloud Announces Plan to Pay Double Monthly Dividends on its Series B Preferred Stock Beginning in January 2026GlobeNewswire
CCLD
Earnings
- 11/6/25 - Beat
CCLD
Sec Filings
- 12/3/25 - Form 4
- 11/26/25 - Form 8-K
- 11/12/25 - Form 4
- CCLD's page on the SEC website