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- Collective Medical Technologies
Collective Medical Technologies Acquisition, Valuation, Funding & Investors
Collective Medical Technologies was acquired by PointClickCare for $650M in December 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
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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 7 Dec 2020 | Strategic 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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2017 | Series A | $170M | 28.3x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2017 | $6M | $170M | 28.3x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2017 | Series A | Kleiner Perkins (lead); Peterson Ventures; Kaiser Permanente Ventures; Allumia Ventures; Bessemer Venture Partners; Maverick Ventures; EPIC Ventures | $48M | $170M | Collective 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2017 | ||
| 1 | Participant | Nov 2017 | ||
| 1 | Lead | Nov 2017 | ||
| 1 | Participant | Nov 2017 | ||
| 1 | Participant | Nov 2017 | ||
This data is available for Pro users. Sign up to see all 7 Collective Medical Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCollective Medical Technologies Competitors
Collective Medical Technologies competitors include listed companies like Phreesia and Craneware, and private ones like Zhiyihuiyun, Tennr, Saviynt and Infinitus Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $655M | - | ||
| Publicly listed | $481M | $27M | $638M | 1.3x | ||
| Private | - | - | $605M | - | ||
| Private | $300M | - | $700M | 2.3x | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $206M | $59M | $589M | 2.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $481M | $27M | 1.3x | 1.3x | 23.2x | 5.3x | |||
| $206M | $59M | 2.8x | 2.7x | 9.7x | 8.7x | |||
| $239M | ($13M) | 2.3x | 2.1x | (44.4x) | 35.9x | |||
| $137M | $59M | 4.4x | 4.2x | 10.1x | 9.3x | |||
| $649M | $27M | 1.0x | - | 23.7x | - | |||
| $65M | $11M | 7.4x | - | 42.4x | - | |||
| $272M | $75M | 1.9x | 1.8x | 7.0x | 6.7x | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
This data is available for Pro users. Sign up to see all Collective Medical Technologies competitors and their valuation data. Start Free Trial | ||||||||
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. |
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