CareCloud closes acquisition of Medsphere Systems Corporation

CareCloud (CCLD) announced it has acquired the business assets of Medsphere Systems Corporation. “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.”