MTBC - MTBC STOCK NEWS

CareCloud (Nasdaq: MTBC, MTBCO, MTBCP) has declared monthly cash dividends for its 11% Series A and 8.75% Series B Preferred Stocks for March, April, and May 2022. This announcement marks the 79th consecutive month of dividends for the Series A Preferred Stock since its launch in November 2015. The dividends are set at $0.22917 per share for Series A and $0.18229 for Series B, with payment dates on the 15th of each following month. The ex-dividend dates are set for March 30, April 28, and May 27 of 2022.

CareCloud (formerly MTBC, Inc., Nasdaq: MTBC, MTBCO, MTBCP) will announce its Q4 2021 and full-year financial results on March 14, 2022, before market opening. A conference call for investors will take place at 8:30 a.m. ET, accessible via live webcast at ir.carecloud.com/events. Investors can also dial in for an audio-only option. A replay, along with presentation slides, will be available shortly after the call. CareCloud provides technology solutions to improve healthcare practices and operational performance for over 40,000 providers.

CareCloud (Nasdaq: MTBC, MTBCP, MTBCO) has announced significant system enhancements, launching advanced business intelligence software and a data management engine to expand its technology portfolio. The company aims to cater to the growing needs of medical practices, with 81% of physicians planning to adopt new digital technologies. Notable updates include enhancements to its talkEHR and telehealth solutions, and the introduction of PrecisionBI Lite.

These innovations are set to strengthen CareCloud's market position as a comprehensive healthcare technology provider.

CareCloud (Nasdaq: MTBC, MTBCP, MTBCO) announced the redemption of 800,000 shares of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock, which is about 15% of the total shares issued. The redemption price is set at $25.00 per share plus accrued dividends, amounting to $25.1375 per share. This redemption, effective March 18, 2022, is aimed at reducing the company's cost of capital. The Series A stock has supported CareCloud's growth from $5.6 million in Q3 2015 to $38.3 million in Q3 2021.

CareCloud has announced the declaration of its first monthly cash dividend for its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (ticker: MTBCO) for February 2022. The dividend amounts to $0.16406 per share, with an ex-dividend date of February 25, 2022, and a payment date of March 15, 2022. The dividend payment is based on an annual rate of 8.75%, equivalent to $2.1875 per share per year, and will be cumulative and payable monthly on the 15th of each month. Investors should be mindful of this update for future financial planning.

tab32, a leading cloud-based technology platform in the dental industry, has appointed Daniel Masvidal as SVP of Operations. Masvidal brings nearly a decade of experience from his previous role at CareCloud (Nasdaq: MTBC), where he managed client success and drove revenue growth. His appointment aims to enhance tab32's offerings in practice management and AI-driven business intelligence solutions. With a focus on scalability and customer satisfaction, tab32 seeks to revolutionize dental practices' operations and improve patient care.

CareCloud (Nasdaq: MTBC, MTBCP) has successfully closed a public offering of 1,000,000 shares of its 8.75% Series B Preferred Stock, raising $25 million. The net proceeds, approximately $23.1 million after fees, will facilitate the redemption of part of its higher yielding 11% Series A Preferred Stock and allocate $7.5 million for working capital and growth initiatives. Monthly dividends of $2.1875 per share are scheduled to commence from March 15, 2022.

CareCloud (Nasdaq: MTBC, MTBCP) announced an underwritten public offering of 1,000,000 shares of non-convertible 8.75% Cumulative Redeemable Perpetual Preferred Stock priced at $25.00 per share, aiming for gross proceeds of $25 million. The offering is set to close on February 2, 2022. CareCloud plans to utilize net proceeds of approximately $23.1 million primarily for redeeming a portion of its 11% Series A Preferred Stock and for working capital and growth initiatives. The first dividend will be paid on March 15, 2022.

CareCloud (Nasdaq: MTBC, MTBCP) announced a $25 million public offering of its Series B Cumulative Redeemable Perpetual Preferred Stock. The offering includes a 30-day option for underwriters to purchase an additional 15% of shares. Proceeds will be used to redeem part of the 11% Series A Preferred Stock, with up to $7.5 million allocated for working capital and growth initiatives, including potential acquisitions. CareCloud has also applied to list the Series B Preferred Stock on the Nasdaq under the symbol MTBCO.