Medical Transcription Billing Corp 11 % Cum Red Perp Pfd Shs Series A

CareCloud, Inc. operates as a healthcare information technology (IT) company. engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the following segments: Healthcare IT and Practice Management. The Healthcare IT offers proprietary web-based suite of services such as practice management applications, certified electronic health records solution, revenue cycle management services and mobile health applications. The Practice management segment offers medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

CareCloud, Inc. is a healthcare information technology company, which engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the Healthcare IT and Practice Management segments. The Healthcare IT segment offers a proprietary web-based suite of services such as practice management applications, certified electronic health records solutions, revenue cycle management services and mobile health applications. The Practice Management segment provides medical practices as well as telemedicine, management, bill-paying and financial advisory services. The company was founded by Mahmud Haq in 1999 and is headquartered in Somerset, NJ.

 CareCloud

SOMERSET, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the successful closing of the previously announced public offering of 1,000,000 shares of its non-convertible 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") at a public offering price of $25 per share, for gross proceeds of $25 million. The Company intends to use the net proceeds from the offering to begin the redemption of a portion of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock, with up to $7.5 million of net proceeds reserved for working capital, general corporate purposes and growth initiatives, including potential future acquisitions.

CareCloud Completes Offering of Series B Non-Convertible Preferred Stock

SOMERSET, N.J., Jan. 28, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that it has priced an underwritten public offering of 1,000,000 shares of non-convertible 8.75% Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") at a price of $25.00 per share for gross proceeds of $25,000,000, and the Series B Preferred Stock will trade on the Nasdaq Global Market with the ticker symbol “MTBCO.” In connection with the offering, CareCloud has granted the underwriters a 30-day option to purchase up to an additional 150,000 shares of Series B Preferred Stock. The offering is expected to close on February 2, 2022, subject to customary closing conditions.

CareCloud Announces Pricing of Public Offering of Preferred Stock

For nearly 15 months, as soon as the call date arrived, we've been screaming that MTBC must redeem its uber-expensive, 11% coupon, preferred share MTBCP. The company took its time, and although the costs associated with MTBCP are significant for the company, it was only a few months back that the wheel/will started to move/sound.

MTBC Has Dropped A 'Bomb' On MTBCP, Consequently Creating A 'Game-Changer' Event For Both

SOMERSET, N.J., Jan. 27, 2022 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the commencement of a $25 million underwritten public offering of its non-convertible Series B Cumulative Redeemable Perpetual Preferred Stock with liquidation preference of $25.00 per share (“Series B Preferred Stock”). In connection with the offering, CareCloud expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Series B Preferred Stock offered in the public offering.

CareCloud Announces Commencement of Public Offering of Preferred Stock

PrecisionBI Lite captures critical data insights for small, high-growth practices

CareCloud Extends the Power of its Business Intelligence Platform to Independent Practice Market Segment

PrecisionBI is now a scalable, cloud-based SaaS technology that extends platform accessibility

CareCloud Reinvents its Healthcare Analytics and Business Intelligence Platform, PrecisionBI

Increasing emphasis on technology-driven solutions

CareCloud Business Doubles During the Last Two Years

CareCloud Connector gives vendors and systems integrators access to a myriad of HIT systems via its integration engine

CareCloud Launches All-New Interoperability and Data Exchange Solution for Healthcare Organizations

SOMERSET, N.J., Nov. 29, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, announced today that it will be participate in the Benchmark Company's Discovery One-on-One Virtual Investor Conference to be held on Thursday, December 2, 2021.

CareCloud to Present at the Virtual Benchmark Discovery One-on-One Conference on December 2

CareCloud has been able to implement a high growth strategy without decimating their bottom line. The company has shown competitive advantages through higher margins and lower marketing costs.

CareCloud: A Growth Stock That's Compelling To A Value Investor

Attributes 230% Revenue Growth to its growing suite of technology-enabled solutions

CareCloud Ranked in the Top 500 Fastest-Growing Companies in North America

SOMERSET, N.J., Nov. 08, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc.  (the “Company”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, today announced that its Board of Directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") for December 2021, January and February 2022. This represents 76 consecutive months of dividends declared since the Series A Preferred Stock was initially sold in November 2015.

CareCloud Declares Dividends on Non-Convertible Series A Cumulative Redeemable Perpetual Preferred Stock

m edSR subsidiary appoints new leaders to accelerate expansion of services that optimize operating performanc e and patient experience

CareCloud Sees Momentum as the “New Healthcare Workforce” Drives Change in Hospital and Health System Operations

SOMERSET, N.J., Oct. 20, 2021 (GLOBE NEWSWIRE) -- CareCloud , Inc. (formerly MTBC, Inc., or the “Company”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, will release its financial results for the third quarter ended September 30, 2021 before the market opens on Thursday, November 4, 2021. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.

CareCloud to Announce Third Quarter 2021 Results on November 4, 2021

SOMERSET, N.J., Sept. 22, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, today announced that Silicon Valley Bank (NASDAQ: SIVB), the bank of the world's most innovative companies and their investors, has increased its secured line of credit, which is currently untapped, to $20 million to support future growth. The term of the line of credit was also extended by two years, to October 13, 2023.

Silicon Valley Bank Doubles CareCloud's Credit Facility

SOMERSET, N.J., Sept. 07, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, announced today that management will participate in three institutional investor conference events and one retail investor conference during the month of September 2021.

CareCloud to Present at September Investor Conferences

SOMERSET, N.J., Aug. 12, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc.  (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, is proud to announce that its newly formed medSR division is already proving to be an integral partner to medical groups needing the right mix of people, processes and technology to optimize performance.

CareCloud breaks new ground with integration of consulting and on-demand revenue cycle management staffing services

CareCloud's PrecisionBI (PBI) solution experiences client growth of 20% as providers discover revenue-saving potential of healthcare analytic tools.

CareCloud's Business Intelligence Platform Key in Assisting Providers Identify Revenue-Generating Opportunities

SOMERSET, N.J., July 21, 2021 (GLOBE NEWSWIRE) -- CareCloud, Inc.  (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced its corporate membership and annual conference sponsorship of the Medical Group Management Association (“MGMA”). As both member and marquee sponsor, CareCloud is continuing its commitment to MGMA, which is focused on providing support solutions, services and education to today's multifaceted care providers, leaders and executives.

CareCloud Announces Ongoing Support of MGMA, as Corporate Member and Marquee Sponsor

Spring Hills Management Service Organization will integrate cloud-based platform and comprehensive services across 35 locations

CareCloud Selected by Veteran Senior Care MSO to Accelerate Expansion and Optimize Delivery of Patient Care

SOMERSET, N.J., June 22, 2021 (GLOBE NEWSWIRE) -- CareCloud , Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that FTSE Russell, which manages the widely-followed Russell 2000® Index and other indices based on market capitalization and style orientation, has included CareCloud in the Russell Microcap® Index for the fourth straight year.

CareCloud a Member of Russell Microcap Index

CareCloud's preferred shares have an effective yield of 9.6%.

CareCloud: A High Redemption Risk Preferred

SOMERSET, N.J., June 14, 2021 (GLOBE NEWSWIRE) -- CareCloud , Inc. (the “Company” or “CareCloud”) (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced management will participate in the Roth Virtual London Conference to be held June 21-23, 2021.

CareCloud to Participate in Roth Virtual London Conference

New enhancements and improved capabilities deliver better app and telehealth experience

CareCloud's talkEHR Releases the Next Generation of its talkPHR Patient Portal

SOMERSET, N.J., June 02, 2021 (GLOBE NEWSWIRE) -- CareCloud , Inc.  (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in cloud-based healthcare technology and revenue cycle solutions, today announced its continued expansion into the hospital and health system market, through its acquisition of industry leading businesses that provide IT consulting, strategic advisory services and workforce augmentation solutions to hospitals in the U.S., Canada and the Caribbean. The acquisition officially closed on June 1, 2021, as CareCloud acquired certain assets from MedMatica Consulting Associates, Inc., including assets MedMatica previously acquired from Santa Rosa Consulting, Inc. (together, “MedMatica”).

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