Shareholders Re-Elect Board Members by Overwhelming Vote, Company Poised for Continued Growth
SOMERSET, N.J., May 26, 2021 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it held its 2021 annual shareholders’ meeting on May 25, 2021, during which, shareholders re-elected Stephen Snyder, Anne Busquet, and Lawrence Sharnak for another two-year term, by an overwhelming majority.
“CareCloud has enjoyed another successful year of record growth and market expansion, and we are beyond grateful to our shareholders, customers, and employees for their enthusiastic support,” said Mahmud Haq, Founder and Chairman, CareCloud. “We are pleased about the reelection of Stephen, Anne, and Larry. Our shareholders have demonstrated a clear vote of confidence in the capabilities of these veteran leaders and we look forward to continuing to work alongside them as we grow our business and expand our product portfolio.”
Stephen Snyder, Chief Strategy Officer and former CEO, has played an active role on the company’s board since 2013. Anne Busquet, a former executive at American Express and a current board member of Pitney Bowes, first became a CareCloud director in 2014. Lawrence Sharnak, also a former executive at American Express was first elected as a CareCloud director in 2020.
“Over the past 18 months, CareCloud has successfully integrated two strategic acquisitions – CareCloud Corporation and Meridian Medical Management – which propelled the enhancement of our product offering and fortified our expansion into the enterprise market,” said Hadi Chaudhry, CEO, CareCloud. “With a 381% increase in adjusted EBITDA, year-over-year, we’ve continued to invest in our sales and marketing strategies, promoting leaders within operations and client experience to support projected growth in the coming months.”
The final voting tallies from this year’s annual meeting was included in a Form 8-K, which was previously filed with the Securities and Exchange Commission.
CareCloud (Nasdaq: MTBC) (Nasdaq: MTBCP) 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, telehealth and patient experience management (PXM) at www.carecloud.com.
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