CareCloud Acquires Medsphere, Expanding Reach into Inpatient EHR and RCM.

CareCloud, a healthcare technology company, has acquired Medsphere Systems Corporation, expanding its reach into inpatient electronic health records (EHR) and revenue cycle management (RCM). The deal adds more than 600 clients across the US to CareCloud's portfolio, making it a leading provider of healthcare technology solutions. CareCloud aims to integrate Medsphere's offerings with its AI-powered platform to create a next-generation healthcare platform.

CareCloud, Inc. (Nasdaq: CCLD), a leading provider of healthcare technology solutions, has completed the acquisition of Medsphere Systems Corporation, marking a significant expansion into the inpatient electronic health records (EHR) and revenue cycle management (RCM) market. The deal brings together Medsphere's extensive client base of over 600 healthcare facilities across 50 states with CareCloud's AI and R&D capabilities.

The acquisition includes Medsphere's comprehensive hospital IT ecosystem featuring CareVue (integrated inpatient EHR), RCM Cloud (revenue cycle management), Wellsoft (Emergency Department Information System), HealthLine (supply chain management), ChartLogic (ambulatory EHR), and managed IT services. This strategic move positions CareCloud to provide affordable, AI-enhanced healthcare technology solutions specifically targeted at small and mid-sized hospitals.

The acquisition is particularly significant as it brings 600+ existing clients across all 50 states and U.S. territories into CareCloud's ecosystem, instantly establishing the company as a cross-continuum healthcare technology provider. CareCloud's acquisition of Medsphere transforms it into a comprehensive healthcare IT provider serving underserved hospital markets with integrated AI solutions.

What makes this acquisition truly valuable is the market positioning. CareCloud is specifically targeting small and mid-sized hospitals that are typically underserved by larger, more expensive enterprise vendors. By integrating their AI capabilities with Medsphere's established hospital platforms like CareVue (inpatient EHR) and RCM Cloud, CareCloud can offer these facilities more affordable technology solutions that cover the complete care journey from ambulatory to inpatient settings.

The acquisition includes several valuable assets: CareVue (integrated inpatient EHR), RCM Cloud (revenue cycle management), Wellsoft (KLAS-recognized Emergency Department system), HealthLine (supply chain management), ChartLogic (ambulatory EHR), and Phoenix & Systeem IT Managed Services. This comprehensive suite allows CareCloud to offer end-to-end solutions that previously would have required multiple vendors.

By combining Medsphere's established healthcare IT infrastructure with CareCloud's AI capabilities, the company is positioning itself to help resource-constrained facilities modernize operations and potentially improve their financial performance. This move significantly expands CareCloud's addressable market and creates new cross-selling opportunities across their now-expanded client base.

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

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[1] https://www.stocktitan.net/news/CCLD/care-cloud-closes-medsphere-acquisition-expanding-into-the-hospital-pcvzavns5s6c.html