CareCloud Announces Leadership Realignment to Drive 2025 Growth Strategy
CareCloud (NASDAQ: CCLD) announced a strategic leadership realignment effective January 1, 2025, appointing A. Hadi Chaudhry and Stephen Snyder as Co-CEOs, and Crystal Williams as President. The restructuring aims to focus on technology innovation, revenue growth, and client experience enhancement.
The company reported strong performance in 2024, achieving positive GAAP income and a 50% year-over-year increase in adjusted EBITDA. Notable achievements include significant free cash flow growth enabling full repayment of their credit line in the first nine months. The company's common stock has experienced a 300% surge over the past year.
Under the new structure, Chaudhry will lead technology and AI strategies, Snyder will drive acquisitive and organic growth, while Williams will focus on client experience and wallet share expansion.
CareCloud (NASDAQ: CCLD) ha annunciato un riorientamento strategico della leadership con effetto dal 1 gennaio 2025, nominando A. Hadi Chaudhry e Stephen Snyder come Co-CEO e Crystal Williams come Presidente. La ristrutturazione mira a concentrarsi sull'innovazione tecnologica, sulla crescita dei ricavi e sul miglioramento dell'esperienza del cliente.
L'azienda ha riportato una forte performance nel 2024, raggiungendo un reddito GAAP positivo e un aumento del 50% anno su anno nell'EBITDA rettificato. Tra i successi significativi si annovera una crescita notevole del flusso di cassa libero che ha consentito il pieno rimborso della loro linea di credito nei primi nove mesi. Il titolo comune dell'azienda ha registrato un incremento del 300% nell'ultimo anno.
Con la nuova struttura, Chaudhry guiderà le strategie tecnologiche e di IA, Snyder si concentrerà sulla crescita acquisitiva e organica, mentre Williams si occuperà dell'espansione dell'esperienza del cliente e della quota di portafoglio.
CareCloud (NASDAQ: CCLD) anunció una reestructuración estratégica del liderazgo efectiva a partir del 1 de enero de 2025, nombrando a A. Hadi Chaudhry y Stephen Snyder como Co-CEOs, y a Crystal Williams como Presidenta. La reestructuración tiene como objetivo centrarse en la innovación tecnológica, el crecimiento de ingresos y la mejora de la experiencia del cliente.
La empresa reportó un desempeño sólido en 2024, logrando ingresos GAAP positivos y un aumento del 50% interanual en el EBITDA ajustado. Los logros notables incluyen un crecimiento significativo del flujo de caja libre que permite el reembolso completo de su línea de crédito en los primeros nueve meses. Las acciones comunes de la empresa han experimentado un incremento del 300% en el último año.
Bajo la nueva estructura, Chaudhry liderará las estrategias tecnológicas y de IA, Snyder impulsará el crecimiento adquisitivo y orgánico, mientras que Williams se enfocará en la experiencia del cliente y la expansión de la participación en la cartera.
CareCloud (NASDAQ: CCLD)는 2025년 1월 1일부터 발효되는 전략적 리더십 재편성을 발표하며, A. Hadi Chaudhry와 Stephen Snyder를 공동 CEO로, Crystal Williams를 사장으로 임명했습니다. 이번 구조조정은 기술 혁신, 수익 성장 및 고객 경험 향상에 중점을 두고 있습니다.
회사는 2024년 강력한 실적을 보고하며, 긍정적인 GAAP 수익과 조정된 EBITDA의 연간 50% 증가를 달성했습니다. 주요 성과로는 첫 9개월 동안 신용 한도를 완전히 상환할 수 있는 상당한 유동 현금 흐름 증가가 포함됩니다. 회사의 일반 주식은 지난 1년 동안 300% 급증했습니다.
새로운 구조에서 Chaudhry는 기술 및 AI 전략을 이끌고, Snyder는 인수 및 유기적 성장에 집중하며, Williams는 고객 경험 및 지갑 점유율 확장에 집중하게 됩니다.
CareCloud (NASDAQ: CCLD) a annoncé une réorganisation stratégique de son leadership à compter du 1er janvier 2025, en nommant A. Hadi Chaudhry et Stephen Snyder en tant que Co-CEOs, et Crystal Williams en tant que Présidente. Cette restructuration vise à se concentrer sur l'innovation technologique, la croissance des revenus et l'amélioration de l'expérience client.
L'entreprise a rapporté une performance solide en 2024, atteignant un revenu GAAP positif et une augmentation de 50 % de l'EBITDA ajusté d'une année sur l'autre. Parmi les réalisations notables, on note une croissance significative des flux de trésorerie disponibles permettant le remboursement intégral de leur ligne de crédit au cours des neuf premiers mois. L'action ordinaire de l'entreprise a connu une augmentation de 300 % au cours de l'année dernière.
Dans la nouvelle structure, Chaudhry dirigera les stratégies technologiques et d'IA, Snyder se concentrera sur la croissance organique et par acquisitions, tandis que Williams se concentrera sur l'expérience client et l'expansion de la part de portefeuille.
CareCloud (NASDAQ: CCLD) gab bekannt, dass ab dem 1. Januar 2025 eine strategische Neuausrichtung der Führungspitze erfolgt, indem A. Hadi Chaudhry und Stephen Snyder zu Co-CEOs ernannt werden und Crystal Williams die Position der Präsidentin übernimmt. Die Umstrukturierung zielt darauf ab, den Fokus auf technologische Innovation, Umsatzwachstum und Verbesserung der Kundenerfahrung zu legen.
Das Unternehmen berichtete von einer starken Leistung im Jahr 2024 und erzielte ein positives GAAP-Einkommen sowie ein Jahreswachstum von 50% beim bereinigten EBITDA. Zu den bemerkenswerten Erfolgen gehört ein signifikantes Wachstum des frei verfügbaren Cashflows, das die vollständige Rückzahlung ihrer Kreditlinie in den ersten neun Monaten ermöglichte. Die Stammaktien des Unternehmens erlebten einen 300% Anstieg im vergangenen Jahr.
Unter der neuen Struktur wird Chaudhry die Technologie- und KI-Strategien leiten, Snyder wird kreatives und organisches Wachstum vorantreiben, während sich Williams auf die Kundenerfahrung und die Erweiterung des Marktanteils konzentrieren wird.
- Achieved positive GAAP income in 2024
- 50% year-over-year increase in adjusted EBITDA
- Significant free cash flow growth allowing credit line repayment
- 300% stock price increase over the past year
- Full repayment of credit line using internal cash flow
- None.
Insights
Focused on Accelerating Technology Innovation, Revenue Growth, and Enhancing Client Experience
SOMERSET, N.J., Dec. 16, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology and generative AI solutions for medical practices and health systems nationwide, today announced a strategic realignment of its leadership team, effective January 1, 2025. A. Hadi Chaudhry and Stephen Snyder will serve as Co-CEOs, with Crystal Williams appointed as President.
“We are thrilled to announce these important leadership changes,” said Mahmud Haq, Founder and Executive Chairman of CareCloud’s Board of Directors. “As we look ahead to 2025, our focus is on transformative technology-driven innovations, driving both acquisitive and organic revenue growth, and delivering an exceptional client experience. This realignment optimizes our leadership to capitalize on these priorities, ensuring improved operational margins, enhanced client revenue, and better patient outcomes.”
Chaudhry and Snyder bring a proven track record of two decades of successful collaboration. Under the new structure, with AI becoming central to CareCloud’s future success, Chaudhry will focus on advancing the Company’s technology and AI strategies, further strengthening CareCloud’s value proposition across products and delivery channels. Snyder will lead the Company’s acquisitive and organic growth strategy, driving expansion into new markets and partnerships.
As President, Williams will focus on elevating the client experience, with a particular emphasis on expanding wallet share and improving client outcomes. Williams previously served as CareCloud’s COO and brings over 20 years of leadership experience in revenue cycle management (RCM) and operational excellence.
2024: A Year of Transformation and Momentum
This leadership realignment comes on the heels of a transformative year for CareCloud. In 2024, the Company returned to positive GAAP income and achieved a
Positioned for Growth
With this strengthened leadership team, CareCloud is well-positioned to execute on its strategy, leveraging its technology and operational expertise to deliver sustained long-term growth, improved client outcomes, and enhanced shareholder value.
About CareCloud
CareCloud brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows, and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at www.carecloud.com.
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Forward-Looking Statements
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These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. We do not have an ongoing obligation to update shareholders regarding future proxy or vote trends, even if they are materially different from those experienced to date. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.
The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
SOURCE CareCloud
Company Contact:
Norman Roth
Interim Chief Financial Officer and Corporate Controller
CareCloud, Inc.
nroth@carecloud.com
Investor Contact:
Stephen Snyder
President
CareCloud, Inc.
ir@carecloud.com
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