As the Canadian tech sector navigates some tough headwinds, health-records company PointClickCare Technologies continues to sail forward.
The valuation of the privately held company has jumped to more than $5bn, up from $4bn in early 2021, the company confirmed this week.
The increase is based on a recent shuffling of share ownership in which private equity firm Hellman & Friedman and JMI Equity, both headquartered in the United States, increased their existing stakes in PointClickCare by purchasing shares from early investors and employees.
A profitable company, PointClickCare has annual revenue of more than US$500 million and has been growing at about 20 per cent a year, Executive Chair Mike Wessinger confirmed in an email exchange with Tech News.
Read more: Communitech
