Announced
Completed
Financials
Tags
United States
Friendly
cloud platform
Acquisition
Software
Completed
Private Equity
Private
Single Bidder
Majority
Venture Capital
Synopsis
MTBC, a provider of cloud-based healthcare IT and revenue cycle management solutions, completed the acquisition of CareCloud, which provides an enterprise cloud platform and business solutions to more than 7k healthcare providers nationwide. financial terms were not disclosed. “CareCloud has built a strong brand with its advanced technology, award-winning design, and innovative team. CareCloud and MTBC are highly synergistic and we believe that our combined businesses will accelerate growth, yield greater operating efficiencies and provide more flexibility for future expansion through our combined offering,” Stephen Snyder, MTBC CEO.
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