Collective Medical Technologies Acquisition, Valuation, Funding & Investors

Collective Medical Technologies was acquired by PointClickCare for $650M in December 2020.

Collective Medical Technologies acquisition price

$650M

Acquired by PointClickCare · Dec 2020

Collective Medical Technologies revenue

$6M

Series A · Nov 2017

Cumulative funding Collective Medical Technologies raised

$48M

across 1 funding round

Key investors in Collective Medical Technologies

  • Bessemer Venture Partners
  • Kleiner Perkins
  • Peterson Ventures
  • EPIC Ventures
  • Maverick Ventures
  • Kaiser Permanente Ventures

Collective Medical Technologies Overview

About Collective Medical Technologies

Collective Medical Technologies is a Salt Lake City-based platform improving patient care coordination across providers and health plans. Its system identifies at-risk patients nationwide, serving hundreds of hospitals and tens of thousands of clinicians to reduce admissions and enhance transitions.


Founded

2006

HQ

United StatesSalt Lake City, UT

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$6M (Nov 2017)

Valuation

$170M (Nov 2017)

Collective Medical Technologies Acquisition

Collective Medical Technologies was acquired by PointClickCare for $650M on 7 December 2020.

Before the acquisition Collective Medical Technologies had raised $48M across 1 funding round.

Collective Medical Technologies acquisition details
AcquirerDateTypePrice
7 Dec 2020Strategic M&A$650M

Collective Medical Technologies Valuation

Collective Medical Technologies is currently valued at $170M, based on its Series A in November 2017.

The $48M round was led by Kleiner Perkins, with participation from Peterson Ventures, Kaiser Permanente Ventures, Allumia Ventures, Bessemer Venture Partners, Maverick Ventures and 1 other investor.

Collective Medical Technologies valuation by funding round

Collective Medical Technologies valuation by funding round
DateStageValuationRevenue Multiple
Nov 2017Series A$170M28.3x

Collective Medical Technologies Revenue

Collective Medical Technologies' latest recorded revenue is $6M, as of its Series A in November 2017. At a $170M valuation, that implies a 28.3x revenue multiple.

Collective Medical Technologies revenue by funding round

Collective Medical Technologies revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2017$6M$170M28.3xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Collective Medical Technologies Funding History

Collective Medical Technologies has raised a total of $48M across 1 funding round.

Collective Medical Technologies funding rounds

Collective Medical Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2017Series AKleiner Perkins (lead); Peterson Ventures; Kaiser Permanente Ventures; Allumia Ventures; Bessemer Venture Partners; Maverick Ventures; EPIC Ventures$48M$170MCollective Medical Technologies, based in Salt Lake City, Utah, develops a virtual network for collaborative care planning to reduce emergency department visits and hospital readmissions by aggregating patient data across electronic medical records and healthcare systems. Its platforms, EDIE and PreManage, provide real-time insights to emergency physicians and broader care teams for high-risk patients, such as those with opioid issues or complex needs, operating in 13 states at the time of the round with plans to expand to 23 by end of 2018. On November 14, 2017, the company raised $47.5 million in a Series A round led by Kleiner Perkins, with participation from Bessemer Venture Partners, Maverick Ventures, Kaiser Permanente Ventures, Providence Ventures, Peterson Ventures, and Epic Ventures. This marked the first outside investment after eight years of bootstrapping, with funds allocated to expand the care team collaboration network, deepen clinical capabilities, hire over 100 employees, and accelerate nationwide growth to improve patient outcomes for vulnerable populations. In 2016, Collective Medical generated $5.8 million in revenue, with CEO Chris Klomp indicating 2017 revenue would be multiples higher, reflecting traction in the fragmented U.S. healthcare system. Competitors include PatientPing for patient data notifications and others like Audacious Inquiry for encounter notifications, but Collective Medical differentiates with light integration across care settings and real-time collaboration tools for providers and payers. The company was later acquired by PointClickCare for just under $650 million in December 2020.

Who has invested in Collective Medical Technologies?

7 investors have backed Collective Medical Technologies across its funding rounds, including Bessemer Venture Partners, Kleiner Perkins, Peterson Ventures, EPIC Ventures, Maverick Ventures and Kaiser Permanente Ventures.

Lead investors include Kleiner Perkins.


Collective Medical Technologies Investors

Investors in Collective Medical Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Peterson VenturesUnited StatesSalt Lake City, UT1ParticipantNov 2017
Kaiser Permanente VenturesUnited StatesSan Francisco, CA1ParticipantNov 2017
Kleiner PerkinsUnited StatesSan Francisco, CA1LeadNov 2017
Allumia VenturesUnited StatesSeattle, WA1ParticipantNov 2017
Bessemer Venture PartnersUnited StatesSan Francisco, CA1ParticipantNov 2017

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Collective Medical Technologies Competitors

Collective Medical Technologies competitors include listed companies like Phreesia and Craneware, and private ones like Zhiyihuiyun, Tennr, Saviynt and Infinitus Systems.

Public and private companies comparable to Collective Medical Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ZhiyihuiyunChinaWuhuPrivate--$655M-
PhreesiaUnited StatesUnited StatesPublicly listed$481M$27M$638M1.3x
TennrUnited StatesNew York City, NYPrivate--$605M-
SaviyntUnited StatesLos Angeles, CAPrivate$300M-$700M2.3x
Infinitus SystemsUnited StatesSan Francisco, CAPrivate--$600M-
CranewareUnited KingdomUnited KingdomPublicly listed$206M$59M$589M2.7x

Collective Medical Technologies Public Comps

Collective Medical Technologies is no longer listed, but its public comps include Phreesia, Craneware, Weave Communications, RaySearch Labs, Shang Gong Group, Heren Health, Equasens, Claritev, B-Soft Co. and Sphere.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Phreesia$481M$27M1.3x1.3x23.2x5.3x
Craneware$206M$59M2.8x2.7x9.7x8.7x
Weave Communications$239M($13M)2.3x2.1x(44.4x)35.9x
RaySearch Labs$137M$59M4.4x4.2x10.1x9.3x
Shang Gong Group$649M$27M1.0x-23.7x-
Heren Health$65M$11M7.4x-42.4x-
Equasens$272M$75M1.9x1.8x7.0x6.7x
Claritev$965M$466M5.4x5.2x11.2x8.5x

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Common questions about Collective Medical Technologies

When was Collective Medical Technologies founded?Collective Medical Technologies was founded in 2006.
Where is Collective Medical Technologies headquartered?Collective Medical Technologies is headquartered in Salt Lake City, UT, United States.
Is Collective Medical Technologies publicly listed?No, Collective Medical Technologies was acquired by PointClickCare in December 2020.
Who acquired Collective Medical Technologies?Collective Medical Technologies was acquired by PointClickCare in December 2020.
How much was Collective Medical Technologies acquired for?Collective Medical Technologies was acquired for $650M in December 2020.
What is Collective Medical Technologies' valuation?Collective Medical Technologies was last valued at $170M in its Series A in November 2017.
How much funding has Collective Medical Technologies raised?Collective Medical Technologies has raised $48M across 1 funding round.
What was Collective Medical Technologies' last funding round?Collective Medical Technologies' last funding round was a $48M Series A in November 2017, led by Kleiner Perkins.
Who are Collective Medical Technologies' investors?Collective Medical Technologies' investors include Peterson Ventures, Kaiser Permanente Ventures, Kleiner Perkins, Allumia Ventures, Bessemer Venture Partners, Maverick Ventures and EPIC Ventures.
What is Collective Medical Technologies' revenue?Collective Medical Technologies' latest recorded revenue is $6M (November 2017).
What is Collective Medical Technologies' revenue multiple?Collective Medical Technologies' latest valuation implies a 28.3x revenue multiple ($170M valuation on $6M of revenue).
Which companies are comparable to Collective Medical Technologies?Companies comparable to Collective Medical Technologies include Zhiyihuiyun, Phreesia, Tennr, Saviynt, Infinitus Systems and Craneware.

See companies similar to Collective Medical Technologies

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