MTBC Inc. Acquires CareCloud Corporation
January 1, 2020
MTBC Inc. acquired CareCloud Corporation on January 8, 2020 in a transaction reported at approximately $36 million. The deal adds CareCloud’s cloud-based EHR, practice management and revenue cycle management capabilities to MTBC’s healthcare technology platform; Canaccord Genuity served as exclusive financial advisor to CareCloud.
- Buyers
- MTBC Inc.
- Targets
- CareCloud Corporation
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Transaction Type
- Buyout
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