CareCloud

CareCloud Acquires Health IT Consulting Firm MedMatica – M&A

What You Should Know: – CareCloud today announced it has acquired Santa Rosa Staffing, Inc. and the assets of MedMatica Consulting Associates, Inc., through the closing of an Asset and Stock Purchase Agreement. Financial details of the acquisition were not disclosed. – The acquisition reflects CareCloud’s continued expansion into the hospital and health system market, …

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CareCloud to Pay $3.8M to Settle Whistleblower Case Alleging Kickbacks

What You Should Know: – Miami-based EHR company CareCloud has agreed to pay $3.8 million to the federal government to settle a “qui tam” lawsuit filed on behalf of a whistleblower by Phillips & Cohen LLP that alleged CareCloud paid kickbacks to healthcare providers to boost sales of its EHR products. – The “relator” (whistleblower) …

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