{"id":833035,"date":"2025-04-02T09:20:38","date_gmt":"2025-04-02T13:20:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/carecloud-acquires-revnu-medical-management-completing-second-acquisition-in-31-days\/"},"modified":"2025-04-02T09:20:38","modified_gmt":"2025-04-02T13:20:38","slug":"carecloud-acquires-revnu-medical-management-completing-second-acquisition-in-31-days","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carecloud-acquires-revnu-medical-management-completing-second-acquisition-in-31-days\/","title":{"rendered":"CareCloud Acquires RevNu Medical Management, Completing Second Acquisition in 31 Days"},"content":{"rendered":"
\n

\n SOMERSET, N.J., April 02, 2025 (GLOBE NEWSWIRE) — <\/strong>
\n CareCloud, Inc<\/u>. (the \u201cCompany\u201d) (Nasdaq: CCLD, CCLDO),\u00a0a leading provider of practice management, healthcare technology and AI-driven solutions to medical practices across the country, today announced the acquisition of RevNu Medical Management (\u201cRevNu\u201d), an emerging audiology-focused revenue cycle management (\u201cRCM\u201d) company based in Westminster, California.<\/p>\n

\u201cWe\u2019ve spent years building trusted relationships within the audiology community, and we couldn\u2019t be more excited to join forces with CareCloud,\u201d said\u00a0Clay Gililland, founder of RevNu. \u201cThat experience has given us a deep understanding of the industry\u2019s needs\u2014insights we\u2019re excited to put into action as RevNu joins CareCloud. As both the founder of RevNu and the owner of more than 30 hearing health clinics across Southern California, I\u2019m confident that our clients and the broader industry will benefit greatly from CareCloud\u2019s technology, automation, and scale.\u201d<\/p>\n

\u201cThe closing of RevNu marks a significant milestone in our acquisition strategy and a strategic expansion into a specialty care market lacking a clear leader,\u201d\u00a0said Stephen Snyder, Co-CEO of CareCloud.\u00a0\u201cRevNu\u2019s deep expertise in audiology and strong, trusted client relationships make it an exceptional addition as we accelerate growth in underserved markets. By deploying our AI-powered revenue cycle management and advanced technology infrastructure in the hearing healthcare space, we are well positioned to expand our footprint, capture new market share, and accelerate CareCloud\u2019s overall growth.\u201d<\/p>\n

The U.S. audiology market is believed to include approximately\u00a024,000 employed audiologists and hearing aid specialists, with annual spending on hearing aids exceeding\u00a0$5 billion. Despite this scale, the segment remains minimally penetrated by outsourced RCM and practice management vendors. RevNu\u2014while still relatively small\u2014is among the leading RCM providers in this space. With the added resources and technological depth of CareCloud, the combined entity is well-positioned to accelerate growth.<\/p>\n

\u201cThrough this combination, our clients will gain access to CareCloud\u2019s powerful suite of tools, advanced infrastructure, and culture of innovation\u2014all of which will improve outcomes and unlock new growth potential,\u201d said\u00a0Daniel Davis, former CEO of RevNu, who will lead CareCloud\u2019s growth as President of its new hearing healthcare division. \u201cI\u2019m excited to spearhead the expansion of CareCloud\u2019s audiology and hearing aid billing division and build on the foundation RevNu has created to capture new market share and drive growth.\u201d<\/p>\n

The RevNu acquisition, like the MesaBilling acquisition closed a month ago, is expected to be accretive within ninety days. Consideration will be paid quarterly, based on retained revenue.<\/p>\n

\n About CareCloud<\/strong>\u00a0<\/p>\n

CareCloud brings disciplined innovation and generative AI to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at www.carecloud.com<\/u><\/a>.<\/u>\u00a0<\/p>\n

Follow CareCloud on LinkedIn<\/u><\/a>, <\/u>X<\/u><\/a> and Facebook<\/u><\/a>.<\/p>\n

\n Disclaimer<\/strong>\u00a0<\/p>\n

This press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.\u00a0<\/p>\n

\n Forward-Looking Statements\u00a0<\/strong>\n <\/p>\n

This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cshall,\u201d \u201cshould,\u201d \u201ccould\u201d, \u201cintends,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201cgoals,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201ctarget,\u201d or \u201ccontinue\u201d or the negative of these terms or other comparable terminology.\u00a0<\/p>\n

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct.<\/p>\n

Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.\u00a0<\/p>\n

These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry\u2019s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company\u2019s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies\u2019 products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled \u201cRisk Factors\u201d in the Company\u2019s filings with the Securities and Exchange Commission.\u00a0<\/p>\n

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.\u00a0<\/p>\n

SOURCE CareCloud\u00a0<\/p>\n

\n Company Contact:\u00a0<\/strong>\n <\/p>\n

Norman Roth\u00a0
Interim Chief Financial Officer and Corporate Controller\u00a0
CareCloud, Inc.
nroth@carecloud.com<\/u><\/a>\u00a0<\/p>\n

\n Investor Contact: <\/strong>\n <\/p>\n

Stephen Snyder\u00a0
Co-Chief Executive Officer\u00a0
CareCloud, Inc.\u00a0
ir@carecloud.com<\/u><\/a>\u00a0<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SOMERSET, N.J., April 02, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the \u201cCompany\u201d) (Nasdaq: CCLD, CCLDO),\u00a0a leading provider of practice management, healthcare technology and AI-driven solutions to medical practices across the country, today announced the acquisition of RevNu Medical Management (\u201cRevNu\u201d), an emerging audiology-focused revenue cycle management (\u201cRCM\u201d) company based in Westminster, California. \u201cWe\u2019ve spent years building trusted relationships within the audiology community, and we couldn\u2019t be more excited to join forces with CareCloud,\u201d said\u00a0Clay Gililland, founder of RevNu. \u201cThat experience has given us a deep understanding of the industry\u2019s needs\u2014insights we\u2019re excited to put into action as RevNu joins CareCloud. As both the founder of RevNu and the owner of more than 30 hearing health clinics across Southern California, I\u2019m … <\/p>\n

Continue reading “CareCloud Acquires RevNu Medical Management, Completing Second Acquisition in 31 Days”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-833035","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCareCloud Acquires RevNu Medical Management, Completing Second Acquisition in 31 Days - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carecloud-acquires-revnu-medical-management-completing-second-acquisition-in-31-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CareCloud Acquires RevNu Medical Management, Completing Second Acquisition in 31 Days - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SOMERSET, N.J., April 02, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the \u201cCompany\u201d) (Nasdaq: CCLD, CCLDO),\u00a0a leading provider of practice management, healthcare technology and AI-driven solutions to medical practices across the country, today announced the acquisition of RevNu Medical Management (\u201cRevNu\u201d), an emerging audiology-focused revenue cycle management (\u201cRCM\u201d) company based in Westminster, California. \u201cWe\u2019ve spent years building trusted relationships within the audiology community, and we couldn\u2019t be more excited to join forces with CareCloud,\u201d said\u00a0Clay Gililland, founder of RevNu. \u201cThat experience has given us a deep understanding of the industry\u2019s needs\u2014insights we\u2019re excited to put into action as RevNu joins CareCloud. 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