CareCloud (CCLD) announced the acquisition of RevNu Medical Management, an emerging audiology-focused revenue cycle management company based in Westminster, California. The U.S. audiology market is believed to include approximately 24,000 employed audiologists and hearing aid specialists, with annual spending on hearing aids exceeding $5B. Despite this scale, the segment remains minimally penetrated by outsourced RCM and practice management vendors. RevNu-while still relatively small-is among the leading RCM providers in this space. With the added resources and technological depth of CareCloud, the combined entity is well-positioned to accelerate growth. The RevNu acquisition, like the MesaBilling acquisition closed a month ago, is expected to be accretive within ninety days. Consideration will be paid quarterly, based on retained revenue.
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