Business
CareCloud Named “Top Healthcare IT Pick for 2025” by Maxim Group; AI Initiative Recognized as Key Growth Driver
SOMERSET, N.J., May 13, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in healthcare technology and generative AI solutions, today announced that Maxim Group, LLC (“Maxim Group”), a leading investment bank, securities and wealth management firm, has selected CareCloud as its “Top Healthcare IT Pick for 2025,” citing the transformative potential of its artificial intelligence strategy, together with its strong financial results and renewed
About this update from Carecloud, Inc.
[{"type":"image","alt":"CareCloud, Inc","displaySize":"","headline":null,"caption":"CareCloud, Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":79,"url":"https://media.zenfs.com/en/globenewswire.com/7f9b244e081a78155a25f759a8daa17c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8fDwOKMaSGzckW4zMKYqKA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExMTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7f9b244e081a78155a25f759a8daa17c","width":300,"height":79}},"lazy":false},{"type":"text","content":"SOMERSET, N.J., May 13, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in healthcare technology and generative AI solutions, today announced that Maxim Group, LLC (“Maxim Group”), a leading investment bank, securities and wealth management firm, has selected CareCloud as its “Top Healthcare IT Pick for 2025,” citing the transformative potential of its artificial intelligence strategy, together with its strong financial results and renewed M&A activity.","length":517,"tagName":"p"},{"type":"text","content":"“Given its positive outlook and attractive valuation, CareCloud is positioned to be our top healthcare IT pick in 2025,” said Allen Klee, CFA, Managing Director and Senior Equity Research Analyst at Maxim Group, in a research report released May 7, 2025. In the same report, Klee noted that CareCloud trades at a 2026 EV/EBITDA multiple of 5.0x, which indicates a significant discount compared to the identified peer group average of 12.5x—an opportunity he believes enhances the Company’s investment appeal.","length":508,"tagName":"p"},{"type":"text","content":"“We are honored to be named Maxim’s ‘Top Healthcare IT Pick for 2025,’” said Stephen Snyder, Co-CEO of CareCloud. “This endorsement underscores the power of our disciplined strategy and our commitment to transforming healthcare operations through scalable, purpose-built AI.”","length":275,"tagName":"p"},{"type":"text","content":"Maxim’s report highlights several factors contributing to CareCloud’s momentum, including the launch of its AI Center of Excellence, strong positive free cash flow, resumption of preferred dividends, and a return to M&A-driven growth. The firm also emphasized CareCloud’s AI suite—featuring tools like cirrusAI Notes, cirrusAI Appeals, and cirrusAI Voice—as a core differenti...