The Mississauga, Ont.-based cloud software company announced it intends to acquire Utah-based Collective Medical, a real-time-care collaboration platform for what CEO Mike Wessinger said is a deal to be funded by debt, cash and equity, and will cost between US$500 million and US$1 billion. (The Logic, The Globe and Mail)
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The Mississauga, Ont.-based cloud software company announced it intends to acquire Utah-based Collective Medical, a real-time-care collaboration platform for what CEO Mike Wessinger said is a deal to be funded by debt, cash and equity, and will cost between US$500 million and US$1 billion. (The Logic, The Globe and Mail)
Talking point: The acquisition, which would be PointClickCare’s largest to date, is subject to various approvals and closing conditions, but PointClickCare expects it to be completed by the end of the month. The companies already partnered in August 2019, and have integrated some of their work. PointClickCare serves the long-term- and post-acute-care market. They said after the acquisition is complete, they will be able to deliver care more seamlessly to high-cost, high-needs patients.
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