This afternoon senior-focused EHR and health software company PointClickCare Technologies announced that it has acquired post-acute care management company QuickMar.
As part of the deal, PointClick Care will control QuickMar’s signature product, the CareSuite Manager. The system includes an EHR and electronic medication administration record (eMAR) that is targeted at post-acute care centers. The system has the ability to manage assessments, care plans, resident billing, behavioral management and charting notes, according to its webpage.
The plan is to keep QuickMar as a separate business unit that will offer the CareSuite Manager.
Why it matters
The companies say that the deal is expected to make it easier for senior living centers and pharmacy partners to adopt and scale their care strategy, as they can now go through a single company for multiple needs.
“The pharmacy market is extremely important to us and we want to extend our suite of products, services, and support to this segment,” Andy Brigant, VP of PointClickCare's pharmacy practice group, said in a statement. “By joining forces with QuickMAR — also a trusted industry partner — we are offering an unprecedented level of choice, flexibility and expertise in the market. Whether providers and pharmacies choose PointClickCare’s fully integrated medication management solution or the QuickMar CareSuite solution, they will be set on a path to expand into and benefit from the full power of the PointClickCare platform.”
What's the trend
PointClickCare was founded in 2000 and has been growing over the years. In 2017 it raised $85 million in new funding. At the time, Mike Wessinger, then CEO, hinted at a possible IPO. However, two years later we still haven’t seen this move.
While the Ontario-based company is best known for its EHR platform, it also has a number of other products including a skin and wound smartphone app that tracks and documents healing. The app can be integrated into a company’s EHR.
On the record
“We are confident that our partnership with PointClickCare will further strengthen our ability to assist senior living and LTPAC providers, and their pharmacy partners, in providing high-quality care to their residents,” Reed DeMordaunt, CEO and cofounder of QuickMar, said in a statement. “As our organization enters a new business chapter, our mission will remain the same: to improve medication accuracy and enhance resident safety with cutting-edge technology solutions.”