CareCloud, Inc. announced the acquisition of Medsphere Systems Corporation, a provider of enterprise inpatient and ambulatory solutions.
The acquisition extends CareCloud's reach into the hospital IT market, offering affordable solutions to small and mid-sized hospitals nationwide.
Medsphere and CareCloud aim to create a next-generation platform to meet the evolving needs of health systems.
Transformational Acquisition
The acquisition of Medsphere marks a significant step for CareCloud into the inpatient EHR and RCM realms, enhancing their offerings for healthcare providers.
Collaborative Integration
By combining AI capabilities and technology with Medsphere's solutions, CareCloud aims to deliver scalable and cost-effective solutions for hospitals.
Industry Impact
The acquisition targets resource-constrained small and middle-market hospitals, aiming to modernize operations, enhance patient care, and improve financial stability.
- The combined company, with over 600 current clients across states and U.S. territories, seeks to offer an unmatched solution across the full care continuum.
- CareCloud's acquisition of Medsphere's hospital IT ecosystem broadens its portfolio to include inpatient EHR, RCM, EDIS, practice management, and vendor-neutral services.
The acquisition positions CareCloud as a stronger player in the healthcare technology sector, with a focus on providing innovative solutions for hospitals of all sizes.