CareCloud Gains for the Week After Deal News, Monday Trading Next
CareCloud shares closed at $2.35 Friday, up 1.29% after announcing its acquisition of Empower Healthcare & Compliance Partners. The company used operational cash flow for the deal, which closed May 22, and does not expect a major impact on 2026 earnings. First-quarter revenue rose 13% to $31.3 million, with a net loss of 1 cent per share for common shareholders. The S&P 500 and major indexes also gained for the week.