CareCloud Closes Medsphere Acquisition, Expanding into the Hospital IT Market

Core Insights - CareCloud has acquired the business assets of Medsphere Systems Corporation, enhancing its capabilities in inpatient electronic health records (EHR) and revenue cycle management (RCM) for small and mid-sized hospitals across the U.S. [1][2] - The acquisition aims to create a next-generation platform that integrates CareCloud's AI and research infrastructure with Medsphere's established technology, benefiting over 600 clients [2][4] - This transaction is described as transformational for CareCloud, allowing the company to provide affordable and scalable solutions to resource-constrained hospitals that are often underserved by larger vendors [2][5] Company Overview - CareCloud specializes in healthcare technology and AI-powered solutions, offering a suite of services that includes RCM, practice management, EHR, business intelligence, patient experience management, and digital health [5] - The company serves more than 40,000 providers, focusing on improving patient care while reducing administrative burdens and operating costs [5] Medsphere's Offerings - Medsphere's hospital IT ecosystem includes integrated inpatient EHR, Azure-hosted RCM platform, Emergency Department Information System (EDIS), supply chain and inventory management tools, and ambulatory EHR and practice management suite [8]