CareCloud, Inc. announced on August 25, 2025, that it has acquired the business assets of Medsphere Systems Corporation. The transaction closed on August 22, 2025, marking a transformational acquisition for CareCloud.
Medsphere is a provider of enterprise inpatient and ambulatory solutions with a 23-year legacy and more than 600 current clients across 50 states and U.S. territories. This acquisition significantly expands CareCloud’s reach into the hospital IT market, including inpatient EHR and RCM.
The combined entity aims to deliver affordable, scalable solutions for resource-constrained small and middle-market hospitals, which are often underserved by larger enterprise vendors. The total consideration for the acquisition was $16.5 million, comprising $8.25 million in cash and the assumption of $8.25 million in debt.
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