CareCloud, Inc. (CCLD) filed an 8-K Amendment (8-K/A) to include mandatory financial disclosures regarding the August 22, 2025 acquisition of Medsphere Systems Corporation, alongside acquisitions of RevNu and Mesa.
Medsphere Pre-Acquisition Status & Financials: Medsphere faced critical going concern issues, with auditors citing substantial doubt due to significant past-due debt (~\(53.6M). Management agreed with creditors to wind down the company, anticipating bankruptcy before year-end 2025. CareCloud purchased essentially all assets for \)16.5M cash plus liability assumption.
Medsphere’s
...