Transformational acquisition extends CareCloud’s reach into inpatient EHR and RCM, bringing affordable solutions to small and mid-sized hospitals nationwide.
CareCloud, Inc., a leader in healthcare technology and AI-powered solutions, announced it has acquired the business assets of Medsphere Systems Corporation (“Medsphere”), 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.
“Medsphere and CareCloud are creating a next-generation platform faster, smarter, and well aligned with the evolving needs of health systems,” said Robert Hendricks, a member of the Board of Directors of Medsphere. “Our 600+ clients will benefit from integrating our full-stack offering with CareCloud’s AI and R&D infrastructure, positioning the combined company as an unmatched provider across the full care continuum.”
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“This is one of the most transformational transactions in our history,” said Stephen Snyder, Co-Chief Executive Officer of CareCloud. “By combining our advanced AI capabilities with Medsphere’s proven technology, we will deliver an affordable, scalable solution for resource-constrained small and middle-market hospitals across the country. These facilities are often underserved by cost-prohibitive large enterprise vendors, and we see a tremendous opportunity to help them modernize operations, improve patient care, and strengthen their financial position.”
Medsphere’s hospital IT ecosystem includes:
- CareVue – integrated inpatient EHR combining clinical, financial, and patient accounting workflows
- RCM Cloud – Azure-hosted revenue cycle management platform covering scheduling, registration, billing, claims, A/R, and reporting
- Wellsoft – KLAS-recognized Emergency Department Information System (“EDIS”) for acute and behavioral health
- HealthLine – supply chain and inventory management tools for hospital environments
- ChartLogic – ambulatory EHR and practice management suite for physician practices, with a focus on orthopedics
- Phoenix & Systeem IT Managed Services – vendor-neutral services including implementation, help desk, interface management, and infrastructure support
Source: Globenewswire