Health tech firm's acquisition includes federal footing
PointClickCare CEO Dave Wessinger says his company's latest acquisition pushes it further into the area of intelligence and collaboration tools. COURTESY OF POINTCLICKCARE
By
Ross Wilkers
One year after getting more private equity backing, health IT firm PointClickCare acquires a company that brings to the buyer a federal footprint and relationships with care providing organizations.
PointClickCare Technologies, a private equity-backed health IT company, has made an acquisition to further expand its footing in the area of connected care and technologies that facilitate both data transmission and storage.
No terms were disclosed regarding PointClickCare’s purchase of Audacious Inquiry. The companies said Tuesday they are seeking to enable care collaboration and solutions that cover at least 150 million people across the U.S.
Headquartered in Baltimore and founded in 2004, Audacious Inquiry designs and builds dense networks to connect health care providers with each other by using cloud-based software solutions.
“This acquisition will enable PointClickCare to expand the reach of our solutions by adding Audacious Inquiry’s strong products and network of relationships as the shift to value-based care fuels the growing market demand for intelligence and collaboration tools,” PointClickCare CEO and co-founder Dave Wessinger said in a release.
Audacious Inquiry’s federal customers include the Centers for Medicare and Medicaid Services, Office of the National Coordinator for Health Information Technology, and Centers for Disease Control and Prevention.
Substantially all of the $11.4 million in federal contract obligations Audacious Inquiry has received over the last 12 months come from those agencies and others within the Health and Human Services Department, according to USASpending.gov data.
Audacious Inquiry is a prime contractor on vehicles such as CMS SPARC and General Services Administration 8(a) STARS.
Other customers of Audacious Inquiry include regional health information exchanges, hospital associations, state government, public health authorities, health systems, payers, accountable care organizations, and other risk-bearing providers.
PointClickCare is headquartered in the Greater Toronto Area and was founded in 2000 by brothers Dave and Mike Wessinger, the latter of which is executive chair of the board of directors.
Private equity firm Hellman & Friedman purchased a minority stake in PointClickCare last year, while Dragoneer Investment Group increased its equity in the company at the time.