On February 1, 2022 PointClickCare Technologies announced its plan to acquire the health IT company Audacious Inquiry. Doing so would expand their care coordination network.
On March 16, 2022, the leading healthcare technology platform announced the closing of the acquisition. Together PointClickCare and Audacious Inquiry will improve patient outcomes through a highly integrated care collaboration platform. The deal was valued at $650 million dollars.
PointClickCare Technologies were founded in 1995, and is located in Mississauga, Canada. PointClickCare is the market leader, driving the transformation of healthcare’s vulnerable and complex populations through a broad, connected care network. This network is powered by deep insights with a commitment to value, outcomes and innovation. They connect post-acute and acute care settings, people and systems. PointClickCare cloud-based software provides for the long-term post-acute care and senior living provider markets, and its electronic health record is used in nearly 70% of U.S. skilled nursing facilities.
"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,” said Dave Wessinger, PointClickCare chief executive officer.
Audacious Inquiry was founded in 2004, and is located in Baltimore, Maryland. Audacious Inquiry is a national connected care platform that supports care coordination by enabling data exchange between at-risk healthcare providers, care managers, payers and others value-based care partners. The company’s industry-shaping technology offers efficient and cost-effective solutions for care coordination; their nationally-recognized team-members provide actionable strategic consulting and their services raise the bar for leveraging health data.
With the addition of Audacious Inquiry's network, PointClickCare’s scale now reaches 2,700 hospitals, more than 2,000 ambulatory sites and more than 22,000 long-term and post-acute care facilities.
With the merger of the two companies, they will enable care coordination and value-based care solutions to more than 150 million people in the United States. Both have focused on ensuring a smooth transition of care for their patients as 92% of hospitals in the United States discharge patients to facilities that utilize PointClickCare Technology solutions.
Over the past two decades, Audacious has built a suite of SaaS solutions supported by strategic advisory services. The company partners with the Centers for Medicare & Medicaid Services, the Office of the National Coordinator for Health IT and the Centers for Disease Control and Prevention, as well as regional health information exchanges, hospital associations, state government, health systems, payers and ACOs (fiercehealthcare).
PointClickCare and Audacious Inquiry share a similar culture and mission focused on improving the lives of seniors by connecting disparate points of care. The combination of their data exchanges, care coordination services and cloud-based software will transform healthcare and the health IT market making the pairing of the two a resourceful utilization of technologies.
