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- PointClickCare
PointClickCare Funding, Investors & Competitors
PointClickCare has raised $233M across 2 funding rounds, most recently a $148M undisclosed-stage round in February 2018.
Last PointClickCare funding round
$148M
Undisclosed stage · Feb 2018
Cumulative funding PointClickCare raised
$233M
across 2 funding rounds
Key investors in PointClickCare
Dragoneer
JMI Equity
About PointClickCare
PointClickCare is a Toronto-based provider of cloud-based software for the long-term and post-acute care (LTPAC) sector, offering care delivery management, financial management, and patient information platforms for skilled nursing facilities, senior living communities, and home health agencies. The company serves more than 15,000 communities across North America, manages 1.2 million active resident records, and maintains a 98% customer retention rate. Its interoperable, mobile-friendly electronic health record and revenue cycle management platform gives providers real-time insight into resident and patient data across care settings.
Founded
1995
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
PointClickCare Funding History
PointClickCare has raised a total of $233M across 2 funding rounds.
PointClickCare's first fundraising round was a $85M undisclosed-stage round in February 2017. The most recent completed round was a $148M undisclosed-stage round in February 2018.
PointClickCare funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2018 | Undisclosed stage | Dragoneer (lead) | $148M | PointClickCare is a Toronto-based SaaS company providing cloud-based software platforms for long-term and post-acute care (LTPAC) providers, including care delivery management, financial management, and patient information access. It serves over 15,000 communities, manages 1.2 million active resident records, holds over 60% market share, and maintains a 98% customer retention rate. In February 2018, Dragoneer Investment Group invested approximately $147-186 million (figures vary across sources as $186M CAD or $146M USD equivalent), becoming the largest institutional shareholder with over 20% ownership; this built on their prior $85-111 million lead investment in February 2017 alongside JMI Equity. The company reported exceeding $200 million in revenue for FY 2017, following $160 million in 2016 with 28% year-over-year profitable growth. Funds from the 2018 round supported strategic expansion, platform capabilities, customer adoption, and market growth amid aging population trends and healthcare shifts. Dragoneer, a growth-focused firm with investments in Airbnb, Uber, and others, appointed a board member post-investment. PointClickCare was recognized as a top private cloud company by Forbes and has since seen later developments like a $4 billion valuation in a 2021 private equity transaction, though an IPO was considered but not pursued in 2018. |
| Feb 2017 | Undisclosed stage | Dragoneer (lead); JMI Equity | $85M | PointClickCare Technologies is a leading provider of cloud-based software and services for the long-term post-acute care (LTPAC) and senior living markets, offering an interoperable, mobile-friendly electronic health record and revenue cycle management platform. The company serves over 13,000 skilled nursing facilities, senior living communities, and home health agencies across North America, holding market leadership in the senior care healthcare IT sector. In 2016, PointClickCare achieved record revenues exceeding $160 million, with 28% year-over-year profitable growth. On February 1, 2017, PointClickCare closed an $85 million financing round led by Dragoneer Investment Group, with participation from existing investor JMI Equity (invested since 2011). The funds were intended to accelerate delivery of innovative solutions, support strategic expansion, product development, and market growth amid macro trends like aging baby boomers, healthcare cost controls, and demand for aging-in-place services. Dragoneer, known for investments in companies like Uber, Airbnb, and Atlassian, partnered with PointClickCare for its long-term growth potential in the global health industry. This 2017 round preceded further investments from Dragoneer, including $111 million (per some reports) in the same year and a $186 million follow-on in early 2018, increasing Dragoneer's stake to over 20%. By FY2017, revenues exceeded $200 million with 25% profit growth, supporting over 15,000 communities and 1.2 million resident records at 98% retention. The company had paused IPO plans filed in 2015 to pursue this private financing path. |
Who has invested in PointClickCare?
2 investors have backed PointClickCare across its funding rounds, including Dragoneer and JMI Equity.
Lead investors include Dragoneer.
PointClickCare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 TrialAcquisitions by PointClickCare
PointClickCare has acquired 6 companies to date.
Last acquisition by PointClickCare was on January 17th 2024. PointClickCare acquired American HealthTech for undisclosed valuation.
Latest Acquisitions by PointClickCare
| Description | American HealthTech is a Knoxville-headquartered software provider for post-acute care facilities across the United States. It delivers integrated electronic medical records, clinical management, financial accounting, and resident billing systems used in skilled nursing and long-term care centers. The platform connects to pharmacy benefit managers, labs, and payer portals for complete health records and care coordination. American HealthTech supports over 1,200 customers with on-site implementation and 24/7 support from its certified clinician team. | Patient Pattern is a clinically validated platform specializing in frailty assessment and medication risk stratification for healthcare providers. It generates prospective coding accuracy and deficit-specific care plans aimed at reducing medical loss ratios. Deployed in clinical settings, the solution analyzes patient data to identify risks early, supporting interventions that optimize outcomes in aging populations and complex chronic disease management. | Audacious Inquiry is a Baltimore-headquartered healthcare information technology and policy consulting firm established in 2004. The company implements master data management tools for health information exchanges and deploys its Encounter Notification Service to deliver real-time admission, discharge, and transfer notifications plus clinical summaries. ENS connects networks in Florida including FL HIE and AHCA, Utah with UHIN and cHIE, Delaware's DHIN, Southeastern Pennsylvania's HSX, Maryland's CRISP, and the District of Columbia via secure web services, Direct messaging, or PROMPT interface. | 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. | |
| HQ Country | |||||
| HQ City | Jackson, MS | Buffalo, NY | Baltimore, MD | Salt Lake City, UT | |
| Deal Date | 17 Jan 2024 | 15 Mar 2023 | 1 Feb 2022 | 7 Dec 2020 | |
| Valuation | undisclosed | undisclosed | $650M | $650M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all PointClickCare acquisitions and their M&A valuation multiples. Start Free Trial | |||||
PointClickCare Competitors
PointClickCare competitors include listed companies like IQVIA, Veeva, IDEXX Laboratories and Roper Technologies, and private ones like Commure and Doctolib.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $16B | $3.4B | $44B | 3.4x | ||
| Publicly listed | $3.2B | $965M | $43B | 10.2x | ||
| Publicly listed | $4.3B | $1.5B | $40B | 8.9x | ||
| Publicly listed | $7.9B | $3.2B | $37B | 5.7x | ||
| Private | $200M | - | $7B | 35.0x | ||
| Private | $400M | - | $6.4B | 16.0x |
PointClickCare Public Comps
PointClickCare is still privately-owned, but its public comps include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, ICON plc, Pro Medicus, United Imaging, Glaukos and M3 Inc..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $3.2B | $965M | 11.1x | 10.2x | 36.9x | 22.4x | |||
| $4.3B | $1.5B | 9.5x | 8.9x | 27.1x | 24.9x | |||
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $21B | $3.7B | 1.8x | 1.8x | 10.1x | 10.0x | |||
| $8.3B | $816M | 1.9x | 1.9x | 19.2x | 11.3x | |||
| $186M | $147M | 66.6x | 62.7x | 84.4x | 77.6x | |||
| $2.1B | $367M | 5.5x | 4.8x | 30.7x | 26.9x | |||
This data is available for Pro users. Sign up to see all PointClickCare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about PointClickCare
| When was PointClickCare founded? | PointClickCare was founded in 1995. |
| Where is PointClickCare headquartered? | PointClickCare is headquartered in Canada. |
| Is PointClickCare publicly listed? | No, PointClickCare is a private, VC-backed company. |
| How much funding has PointClickCare raised? | PointClickCare has raised $233M across 2 funding rounds. |
| What was PointClickCare's last funding round? | PointClickCare's last funding round was a $148M undisclosed-stage round in February 2018, led by Dragoneer. |
| Who are PointClickCare's investors? | PointClickCare's investors include Dragoneer and JMI Equity. |
| Which companies are comparable to PointClickCare? | Companies comparable to PointClickCare include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, Commure and Doctolib. |
| How many companies has PointClickCare acquired? | PointClickCare has acquired 6 companies, including American HealthTech, Patient Pattern, Audacious Inquiry, Collective Medical Technologies and QuickMAR. |
| What was the largest acquisition by PointClickCare? | The $650M acquisition of Audacious Inquiry in February 2022 is the largest acquisition PointClickCare has made to date. |
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