PointClickCare closes acquisition of Utah-based Collective Medical
Mississauga-based healthtech company PointClickCare has closed its acquisition of Utah-based Collective Medical, its largest acquisition to date.
As reported in the Globe and Mail, the acquisition is estimated to cost between $500 million and $1 billion USD, and will be funded by debt, cash, and equity.
“With our combined industry-leading technology and our expansive and deep real-time post-acute provider data, we can empower health networks faster than any other vendor in the market today.”
“We are very pleased to reach today’s milestone and to officially welcome the Collective Medical team to the PointClickCare family. There is a lot of important work ahead as we work together to close the gaps in today’s fragmented healthcare system,” said Mike Wessinger, founder and CEO of PointClickCare. “We are excited about our shared mission to bring an end to compromised health and un
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