CareCloud Secures $50 Million Credit Facility to Enhance Financial Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
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Should l Buy CCLD?
Source: Newsfilter
- Successful Financing: CareCloud announced the closing of a $50 million credit facility with Citizens Bank and Provident Bank on April 13, 2026, marking a significant advancement in optimizing its capital structure and enhancing liquidity and financial flexibility.
- Preferred Stock Redemption: The company plans to redeem all 1,511,372 shares of its 8.75% Series B Cumulative Redeemable Preferred Stock on May 15, 2026, at a total redemption price of $27.52 per share, which is expected to eliminate approximately $3.2 million in annual preferred dividend obligations and simplify its capital structure.
- EBITDA Performance: CareCloud currently generates approximately $30 million in annualized adjusted EBITDA, underscoring the strength of its operating model and supporting the transition to lower-cost institutional financing, thereby improving financial flexibility.
- Strategic Development: This financing aligns with the company's strategy to expand its AI-driven platform, aiming to enhance operational efficiency and scalability, drive organic growth across its core revenue cycle management platform, and ultimately increase long-term shareholder value.
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Analyst Views on CCLD
Wall Street analysts forecast CCLD stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 3.030
Low
3.25
Averages
6.42
High
8.00
Current: 3.030
Low
3.25
Averages
6.42
High
8.00
About CCLD
CareCloud, Inc. is a provider of technology-enabled services and generative artificial intelligence (AI) solutions that redefine the healthcare revenue cycle management process. It provides technology-enabled revenue cycle management and a full suite of proprietary cloud-based solutions to healthcare providers, from small practices to enterprise medical groups, hospitals, and health systems throughout the United States. Its Healthcare IT segment includes technology-assisted revenue cycle management, software-as-a-service solutions and professional and other services. Its Medical Practice Management segment includes the management of three medical practices. Its technology-enabled business solutions include Technology-enabled revenue cycle management, Cloud-based software, Digital health, and Healthcare IT professional services & staffing. Its revenue cycle management services, including end-to-end medical billing, eligibility, analytics, and related services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CareCloud Secures $50 Million Credit Facility to Enhance Financial Flexibility
- Successful Financing: CareCloud announced the closing of a $50 million credit facility with Citizens Bank and Provident Bank on April 13, 2026, marking a significant advancement in optimizing its capital structure and enhancing liquidity and financial flexibility.
- Preferred Stock Redemption: The company plans to redeem all 1,511,372 shares of its 8.75% Series B Cumulative Redeemable Preferred Stock on May 15, 2026, at a total redemption price of $27.52 per share, which is expected to eliminate approximately $3.2 million in annual preferred dividend obligations and simplify its capital structure.
- EBITDA Performance: CareCloud currently generates approximately $30 million in annualized adjusted EBITDA, underscoring the strength of its operating model and supporting the transition to lower-cost institutional financing, thereby improving financial flexibility.
- Strategic Development: This financing aligns with the company's strategy to expand its AI-driven platform, aiming to enhance operational efficiency and scalability, drive organic growth across its core revenue cycle management platform, and ultimately increase long-term shareholder value.
See More
CareCloud Secures $50M Credit Facility to Support Growth
- Credit Facility Secured: CareCloud announced a $50 million credit facility agreement with Citizens Bank and Provident Bank, which will provide essential funding to support the company's operations and growth initiatives, enhancing its competitive edge in the healthcare technology sector.
- Preferred Stock Redemption: The company plans to fully redeem all outstanding Series B preferred shares on May 15, which is expected to eliminate approximately $3.2 million in annual dividend obligations, thereby simplifying its capital structure and reducing financing costs.
- Liquidity Improvement: Through this credit facility and the redemption of preferred shares, CareCloud aims to improve liquidity and enhance financial flexibility to better support the expansion of its AI-driven healthcare technology platform.
- Market Reaction: Following the announcement, CareCloud's stock price rose 1.42% in pre-market trading to $2.76, reflecting a positive market response to the company's strategic initiatives.
See More
CARECLOUD INC - CYBERSECURITY ISSUE ADDRESSED; OPERATIONS UNHARMED
- Incident Overview: A cybersecurity incident occurred at CareCloud Inc.
- Impact Assessment: The incident did not have any material impact on operations.
See More
CARECLOUD INC: COMPANY SUSPECTS INCIDENT WAS DUE TO UNAUTHORIZED THIRD PARTY GAINING TEMPORARY ACCESS TO SYSTEM.
- Incident Cause: The incident was attributed to an unauthorized third party who temporarily gained access to the system.
- Security Implications: This breach raises concerns about the security measures in place to protect sensitive information.
See More
CARECLOUD INC - ANNOUNCES NETWORK OUTAGE IN CARECLOUD HEALTH DIVISION ON MARCH 16, 2026 - SEC FILING
Network Disruption: A significant disruption occurred in the CareCloud Health Division on March 16, 2026, impacting operations and services.
SEC Filing: The incident has prompted the company to file a report with the Securities and Exchange Commission (SEC) regarding the network issues.
See More
CareCloud Reports Strong Q4 Earnings Growth
- Significant Profit Growth: CareCloud reported a profit of $1.52 million in Q4, a substantial increase from $0.01 million in the same period last year, indicating strong performance and improved profitability in the market.
- Improved EPS: The earnings per share for Q4 reached $0.04, compared to $0.00 in the same period last year, demonstrating a notable advancement in the company's profitability and boosting investor confidence.
- Strong Adjusted Earnings: Excluding items, CareCloud reported adjusted earnings of $4.46 million or $0.11 per share, reflecting robust growth in the company's core business and an enhancement in earnings quality.
- Sustained Revenue Growth: Q4 revenue was $34.42 million, up 21.8% from $28.24 million in the same period last year, showcasing the company's ongoing expansion in customer base and market demand.
See More
CareCloud Secures $50 Million Credit Facility to Enhance Financial Flexibility
- Successful Financing: CareCloud announced the closing of a $50 million credit facility with Citizens Bank and Provident Bank on April 13, 2026, marking a significant advancement in optimizing its capital structure and enhancing liquidity and financial flexibility.
- Preferred Stock Redemption: The company plans to redeem all 1,511,372 shares of its 8.75% Series B Cumulative Redeemable Preferred Stock on May 15, 2026, at a total redemption price of $27.52 per share, which is expected to eliminate approximately $3.2 million in annual preferred dividend obligations and simplify its capital structure.
- EBITDA Performance: CareCloud currently generates approximately $30 million in annualized adjusted EBITDA, underscoring the strength of its operating model and supporting the transition to lower-cost institutional financing, thereby improving financial flexibility.
- Strategic Development: This financing aligns with the company's strategy to expand its AI-driven platform, aiming to enhance operational efficiency and scalability, drive organic growth across its core revenue cycle management platform, and ultimately increase long-term shareholder value.
See More
CareCloud Secures $50M Credit Facility to Support Growth
- Credit Facility Secured: CareCloud announced a $50 million credit facility agreement with Citizens Bank and Provident Bank, which will provide essential funding to support the company's operations and growth initiatives, enhancing its competitive edge in the healthcare technology sector.
- Preferred Stock Redemption: The company plans to fully redeem all outstanding Series B preferred shares on May 15, which is expected to eliminate approximately $3.2 million in annual dividend obligations, thereby simplifying its capital structure and reducing financing costs.
- Liquidity Improvement: Through this credit facility and the redemption of preferred shares, CareCloud aims to improve liquidity and enhance financial flexibility to better support the expansion of its AI-driven healthcare technology platform.
- Market Reaction: Following the announcement, CareCloud's stock price rose 1.42% in pre-market trading to $2.76, reflecting a positive market response to the company's strategic initiatives.
See More
CARECLOUD INC - CYBERSECURITY ISSUE ADDRESSED; OPERATIONS UNHARMED
- Incident Overview: A cybersecurity incident occurred at CareCloud Inc.
- Impact Assessment: The incident did not have any material impact on operations.
See More
CARECLOUD INC: COMPANY SUSPECTS INCIDENT WAS DUE TO UNAUTHORIZED THIRD PARTY GAINING TEMPORARY ACCESS TO SYSTEM.
- Incident Cause: The incident was attributed to an unauthorized third party who temporarily gained access to the system.
- Security Implications: This breach raises concerns about the security measures in place to protect sensitive information.
See More
CARECLOUD INC - ANNOUNCES NETWORK OUTAGE IN CARECLOUD HEALTH DIVISION ON MARCH 16, 2026 - SEC FILING
Network Disruption: A significant disruption occurred in the CareCloud Health Division on March 16, 2026, impacting operations and services.
SEC Filing: The incident has prompted the company to file a report with the Securities and Exchange Commission (SEC) regarding the network issues.
See More
CareCloud Reports Strong Q4 Earnings Growth
- Significant Profit Growth: CareCloud reported a profit of $1.52 million in Q4, a substantial increase from $0.01 million in the same period last year, indicating strong performance and improved profitability in the market.
- Improved EPS: The earnings per share for Q4 reached $0.04, compared to $0.00 in the same period last year, demonstrating a notable advancement in the company's profitability and boosting investor confidence.
- Strong Adjusted Earnings: Excluding items, CareCloud reported adjusted earnings of $4.46 million or $0.11 per share, reflecting robust growth in the company's core business and an enhancement in earnings quality.
- Sustained Revenue Growth: Q4 revenue was $34.42 million, up 21.8% from $28.24 million in the same period last year, showcasing the company's ongoing expansion in customer base and market demand.
See More
