Healthtech startup PointClickCare Technologies announced that it is acquiring United States-based Audacious Inquiry, a health IT startup.
PointClickCare Technologies paid $316.7 million CAD ($250 million USD) for Audacious Inquiry, The Globe and Mail reported.
UPDATE (17/03/22): PointClickCare has completed its acquisition of Audacious Inquiry.
PointClickCare’s platform provides care delivery management, financial management, and access to patient data. Audacious Inquiry builds networks for the secure transmission of data across the US healthcare system.
PointClickCare claimed the acquisition will enable it to deliver care collaboration and care solutions for over 150 million people across the US.
The startup claims that over 25,000 long-term post-acute care providers, and over 1,600 hospitals use its platform.
PointClickCare uses acquisitions to fuel its growth strategy. The startup acquired Co-Pilot in 2020, an analytics solution developed by Consonus Healthcare, for an undisclosed amount.
Other acquisitions include QuickMAR, based out of Idaho, a medical management tool for the long-term and post-acute care market aiming to reduce medication errors and paperwork inefficiencies.
Over the past two decades, Audacious Inquiry has built a suite of SaaS solutions supported by strategic advisory services. The company serves as a partner to the Centers for Medicare and Medicaid Services, the Office of the National Coordinator for Health Information Technology, and the Centers for Disease Control and Prevention.
Audacious Inquiry also partners with regional health information exchanges (HIEs), hospital associations, state government, public health authorities, health systems, payers, ACOs and other risk-bearing providers.
PointClickCare shuffled its executive team in August 2021, with founding CEO Mike Wessinger moving to the executive chair role while his co-founder and brother, Dave Wessinger, took over as CEO.
The change in leadership followed a strategic minority investment secured at the start of 2021. The undisclosed capital investment came from Hellman & Friedman and existing investor Dragoneer Investment Group, and, according to the Globe, brought PointClickCare a $4 billion USD valuation.