CareCloud - M&A Summary and Business Overview

SoftwareCompany

CareCloud M&A Summary

CareCloud has acquired 16 companies, including 4 in the last 5 years. A total of 4 acquisitions came from private equity firms.

CareCloud has acquired in 13 different US states. The Company’s most targeted sectors include information technology (80%) and software (14%).

CareCloud Business Overview

Where is CareCloud headquartered?

CareCloud is headquartered in Somerset, New Jersey.

What is CareCloud’s revenue?

CareCloud disclosed revenue of 117M USD for 2023 and 139M USD for 2022.

How many employees does CareCloud have?

CareCloud has 3,600 employees.

What sector is CareCloud in?

CareCloud is a software company.

When was CareCloud founded?

CareCloud was founded in 1999.

M&A Summary

M&A Total Activity15
- M&A Buy Activity15
Total Sectors Invested 3
Total Countries Invested 1
M&A Buy/Sell Connections 5
M&A Advisors 2

CareCloud

CareCloud, Inc.

7 Clyde Road,
Somerset, New Jersey 08873
United States,
(732) 873-5133
www.carecloud.com

CareCloud is a provider of practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups. CareCloud was incorporated in 1999 and is based in Somerset, New Jersey.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.6/yr)	#	12	2	1	-	-	-	15
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								15

Most Recent M&A

Company	Date	Value	Type
medSR, Inc.	2021-06-01	-	Add-on Acquisition
Brentwood, Tennessee · www.medsr.com
Meridian Medical Management	2020-06-17	-	Add-on Acquisition
Windsor, Connecticut · www.m3meridian.com
CareCloud Corp.	2020-01-08	-	Add-on Acquisition
Miami, Florida · www.carecloud.com
Orion Healthcorp, Inc.	2018-06-02	-	Add-on Acquisition
Roswell, Georgia · www.orionhealthcorp.com
Renaissance Medical Billing LLC	2016-05-05	-	Add-on Acquisition
Chattanooga, Tennessee · www.renaissancemedicalbilling.com
Gulf Coast Billing, Inc.	2016-02-17	-	Add-on Acquisition
Huffman, Texas · www.gulfcoastbilling.com
QHR - Healthcare Divisions	2015-07-14	-	Divestiture
, United States
Metro Medical Management Services, Inc.	2013-07-02	-	Add-on Acquisition
New York, New York
HealthCare Solutions, Inc.	2012-07-31	-	Add-on Acquisition
Westbrook, Maine
Medical Management LLC	2012-06-20	-	Add-on Acquisition
La Plata, Maryland
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Information Technology	12 (80%)	-	-	-
Software	2 (13%)	-	-	-
Internet Software and Services	1 (7%)	-	-	-
Total	15	-	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		15	-	-	-
	Tennessee	2	-	-	-
	Florida	2	-	-	-
	Texas	1	-	-	-
	Ohio	1	-	-	-
	North Carolina	1	-	-	-
	New York	1	-	-	-
	New Jersey	1	-	-	-
	Montana	1	-	-	-
	Maryland	1	-	-	-
	Maine	1	-	-	-
	Georgia	1	-	-	-
	Connecticut	1	-	-	-
Total		15	-	-	-

Top M&A Advisors

Financial	Deals
Crosstree Capital Partners, Inc.	1
Corporate Finance Advisors	1

M&A Connections

		Deals
Acquired from
Investor(s)	20%	3 (20%)
Strategic(s)	7%	1 (7%)

Company Summary

SECTOR

Software

Revenue

117 16%	2023
139 1%	2022
140 34%	2021
105 65%	2020
64 26%	2019
51 60%	2018
32 34%	2017
24 5%	2016
23 28%	2015
18 80%	2014
10	2013
(millions of USD)	Show More Show Less

Employees

3,600

Established

1999

Public

NASDAQ: CCLD

Former Name

MTBC, Inc. (Medical Transcription Billing Corp.)

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CareCloud - M&A Summary and Business Overview

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