PointClickCare
Funding History
| Minority recapitalization (secondary share sale by existing holders; no new primary capital confirmed to the company) · 01/2021 | $4.0B |
|---|---|
| Secondary share sale by existing holders (no new proceeds to the company; reported July 2022, company said the underlying transaction closed April 22, 2022) · 07/2022 | $5.0B |
About
PointClickCare's platform is used by long-term and post-acute care providers, senior living communities, and home health organizations across the United States and Canada to manage clinical, financial, and operational workflows.
- Founded
- 2000
- Headquarters
- Mississauga, Ontario
- CEO
- Dave Wessinger
Overview
PointClickCare is a cloud-based electronic health record and workflow platform for the long-term and post-acute care (LTPAC) industry, serving skilled nursing facilities, senior living communities, and home health providers across North America.
Founded in 2000 in Mississauga, Ontario as Wescom Solutions by brothers Mike and Dave Wessinger, the company pioneered a subscription, browser-based EHR model for senior care operators who had previously relied on legacy on-premise software. It rebranded as PointClickCare and grew into what it describes as the leading cloud-based software vendor for the senior care market in North America.
The company has been majority-controlled by co-founders Mike and Dave Wessinger throughout its history, while raising outside growth capital from Dragoneer Investment Group, JMI Equity, and Hellman & Friedman. It expanded beyond long-term care documentation through acquisitions of care-coordination platforms Collective Medical (closed December 2020) and Audacious Inquiry (closed March 2022), positioning its network to connect acute, post-acute, and payer organizations.
PointClickCare has never listed on a public stock exchange. It filed a registration statement with the U.S. Securities and Exchange Commission in September 2015 for a planned NASDAQ/TSX dual listing, then put those IPO plans on hold in 2016 in favor of continued private growth and additional private financing.
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