M&A Deal Summary

CareCloud Acquires Orion Healthcorp

On June 2, 2018, CareCloud acquired information technology company Orion Healthcorp

Acquisition Highlights
  • This is CareCloud’s 10th transaction in the Information Technology sector.
  • This is CareCloud’s 12th transaction in the United States.
  • This is CareCloud’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-06-02
Target Orion Healthcorp
Sector Information Technology
Buyer(s) CareCloud
Deal Type Add-on Acquisition

Target

Orion Healthcorp

Roswell, Georgia, United States
Orion Healthcorp, Inc. is an infrastructure and integration services company offering billing and collection, practice consulting, and accounting and bookkeeping services to hospital-based physicians.

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Buyer(S) 1

Buyer

CareCloud

Somerset, New Jersey, United States
Category Company
Founded 1999
Sector Software
Employees3,600
Revenue 117M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 12 of 15
Sector (Information Technology) 10 of 12
Type (Add-on Acquisition) 11 of 14
State (Georgia) 1 of 1
Country (United States) 12 of 15
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 Renaissance Medical Billing

Chattanooga, Tennessee, United States

Renaissance Physician Services is a revenue cycle management company based in Chattanooga, Tennessee. Company client base is comprised of primary care providers, together with cardiologists, hospitalists, neonatologists, orthopedists and other specialists.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 CareCloud

Miami, Florida, United States

CareCloud Corp. is a provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services. CareCloud subsequently evolved to serve the full spectrum of practice workflows, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), and patient experience management (PXM). CareCloud’s integrated clinical and financial platform technology and its suite of solutions enable clients to increase profitability, streamline workflow, and improve patient-care outcomes nationwide.

Buy -
Mergr

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