CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in
healthcare technology solutions for medical practices and health
systems nationwide, announced today a leadership transition. Bill
Korn, who has been CareCloud's chief financial officer (CFO) for 10
years, will take on a new role as chief strategy officer (CSO). The
company has hired Joseph C. DosSantos, an experienced financial
executive in the biotechnology sector, to fill the position of
chief financial officer (CFO).
Over the past few years, CareCloud has been
making strategic investments in both people and capital to sustain
its growth momentum. This has included a transition away from a
solely acquisitive growth strategy towards a company sustained by
organic growth and technological innovation. Bill Korn’s
appointment as CSO highlights CareCloud's interest in strengthening
its connections and engagement with the investor community.
With more than 30 years of experience, Joseph
DosSantos joins CareCloud as a highly accomplished CFO and business
executive. His extensive background includes strong understanding
of public company financial management, business intelligence,
mergers and acquisitions, and capital markets, making him
well-versed in navigating complex financial landscapes. He will
lead a global team of finance, tax and accounting professionals and
serve as a member of executive management.
"We are delighted to have Joe DosSantos join us
as our new CFO at CareCloud," said Hadi Chaudhry, chief executive
officer and president of CareCloud. "Joe brings the right technical
and strategic expertise to help drive CareCloud forward on our
current path of value creation for our clients and shareholders. We
are also pleased to announce Bill Korn's transition to the CSO
role, where he will continue to drive the company’s vision,
identify strategic initiatives, and build and maintain strong
relationships with investors and analysts. Together, Joe and Bill
will play a pivotal role in driving our strategic vision and
further establishing CareCloud's position as a leader in healthcare
technology solutions."
To learn more about how CareCloud is redefining
the next generation of technology-enabled revenue cycle solutions,
visit carecloud.com.
About
CareCloudCareCloud (Nasdaq: CCLD, CCLDP, CCLDO)
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 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,” “forecasts,” “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 the Covid-19 pandemic 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. In addition, there is
uncertainty about the spread of the Covid-19 virus and the impact
it may have on the Company’s operations, the demand for the
Company’s services, and economic activity in general.
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:Bill KornChief Strategy
OfficerCareCloudbkorn@carecloud.com
Investor Contact:Asher DewhurstICR
WestwickeCareCloudIR@westwicke.com
Media Inquiries:Alexis FeinbergICR
WestwickeCareCloudPR@westwicke.com
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