CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a
leader in healthcare technology solutions for medical practices and
health systems nationwide, today announced that it held its 2024
Annual Shareholders’ Meeting on June 17, 2024, during which the
shareholders, by an overwhelming majority, reelected all four
director nominees.
At the Annual Meeting, CareCloud’s shareholders
reelected A. Hadi Chaudhry, John Daly, Mahmud Haq, and Cameron
Munter for another two-year term by a vote of more than 90% of the
shareholders present or voting by proxy. Shareholders also voted to
approve, on an advisory basis, the compensation of the Company’s
named executive officers, as disclosed in the Company’s 2024 Proxy
Statement’s compensation tables and any related information found
in such proxy statement.
“We are thankful to our shareholders, customers
and employees for their strong support over the last year,” said
Mahmud Haq, executive chairman of CareCloud’s board of directors.
“In the year ahead, we look forward to achieving new milestones as
we continue to grow our free cash flow, expand our AI solutions,
and increase the size of our customer base.”
The final voting tallies from this year’s Annual
Meeting were included in a Form 8-K which was previously filed with
the Securities and Exchange Commission.
About
CareCloud
CareCloud (Nasdaq: CCLD, CCLDO, CCLDP) brings
disciplined innovation 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.
Follow CareCloud on LinkedIn, Twitter and
Facebook.
Forward-Looking
Statements
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 “may,” “might,” “will,” “shall,” “should,” “could”,
“intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,”
“believes,” “seeks,” “estimates,” “predicts,” “possible,”
“potential,” “target,” or “continue” or the negative of these terms
or other comparable terminology.
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. 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.
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’s) 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’s 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 products and services competitive with ours, and
other important risks and uncertainties referenced and discussed
under the heading titled “Risk Factors” in the Company’s filings
with the Securities and Exchange Commission.
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.
SOURCE CareCloud
Company
Contact:Norman RothInterim Chief Financial Officer
and Corporate ControllerCareCloud, Inc. nroth@carecloud.com
Investor Contact:Bill Korn
CareCloud, Inc. ir@carecloud.com
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