CareCloud, Inc. 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock - CCLDO STOCK NEWS

CareCloud, Inc. has retained Citizens JMP as its exclusive capital structure advisor after receiving an unsolicited indication of interest to acquire the company. The Board of Directors declined the proposal and Citizens JMP will evaluate CareCloud's capital structure for potential modifications to its Series A Preferred Stock.

CareCloud, Inc. partners with NJ Comprehensive Healthcare to enhance operational efficiency and reduce costs. NJCH adopts CareCloud's talkUltimate suite for revenue cycle management, electronic health records, and practice management solutions, aiming to streamline processes and boost workflow efficiency.

CareCloud, Inc. will announce its first-quarter 2024 financial results on May 14, 2024. The company is a prominent provider of healthcare technology solutions in the medical industry. The results will be disclosed before the market opens, followed by an investor conference call at 8:30 a.m. Eastern Time. Interested parties can access the live webcast and presentation slides on the company's investor relations website. A replay will also be available shortly after the call.

CareCloud, Inc. will showcase its cutting-edge healthcare technology solutions at the 2024 Kansas MGMA Conference. The company aims to transform revenue cycle management and enhance patient engagement in the healthcare industry. Key highlights include CareCloud Concierge, a technology-enabled RCM solution, and CareCloud's cirrusAI Notes, a healthcare documentation tool. Crystal Williams, VP Client Operations, invites attendees to explore their innovative products.

CareCloud, Inc. announces medSR division's participation at Becker’s Annual Conference to showcase healthcare IT consulting services. Dwight Garvin highlights the importance of technological advancements in healthcare for superior patient care.

CareCloud, Inc. has been awarded Best Medical Billing Software of 2024 by SelectHub, with their product CareCloud Central receiving an exceptional analyst rating of 96. The company also won awards for 'Best Overall' and 'Best for Medical Coding' categories, solidifying its leadership in the healthcare technology sector.

CareCloud, Inc. announces that Jersey Hydreight has chosen CareCloud’s talkUltimate to enhance patient experience and streamline administrative processes. Hydreight, a provider of medical treatments, selected talkUltimate for its integrated suite of RCM, EHR, and PM solutions. The decision was driven by the need to address financial and operational challenges effectively.

CareCloud, Inc. reported financial results for 2023, highlighting a revenue decline to $117.1 million, a net loss of $48.7 million, and adjusted EBITDA of $15.4 million. The company aims to enhance liquidity through cost reductions, with an anticipated $18 million improvement in free cash flow. Despite challenges, CareCloud looks to leverage AI for operational efficiency and competitive edge. The Board suspended dividends for Series A and B Preferred Stock but plans to review profitability to potentially resume payments. CareCloud forecasts revenue of $118-$120 million and adjusted EBITDA of $21-$23 million for 2024.

CareCloud, Inc. announces participation in the HIMSS Global Health Conference and Exhibition to showcase its AI-powered healthcare solutions, including CareCloud cirrusAI Notes. The company aims to revolutionize healthcare documentation and improve workflow efficiency for medical practices.