CareCloud, Inc. announced on September 9, 2025, that it has closed a new $10 million credit facility with Provident Bank. This new facility replaces a prior acquisition-related promissory note obligation to Wells Fargo.
The new credit facility provides CareCloud with more favorable terms, enhancing its financial flexibility and liquidity. This move supports the company's ongoing growth initiatives and strategic acquisitions.
This financial restructuring demonstrates CareCloud's commitment to optimizing its capital structure. It ensures the company has robust financial backing for its expansion into the hospital and medical practice IT markets.
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