Canadian health tech company PointClickCare announced a strategic collaboration with Pfizer to share its real-world data on seniors. 

The cloud-based software company focused on elder care covers the long-term and post-acute care market. PointClickCare will provide Pfizer with real-world data insights that specifically represent older adults, especially those in long-term care facilities, to help guide decisions on new therapies.  

"Access to data on comorbidities, medications, vital signs, body weight and physical function in older adults residing in long-term care through electronic medical records is very important to help us design clinical trials for this patient population," Simon Dagenais, senior director of the Real-World Evidence Center of Excellence at Pfizer, said in a statement.

THE LARGER TREND

In October, PointClickCare launched a telemedicine service called Virtual Health, which offers skilled nursing facilities 24/7 access to hospitalists with the assistance of its partner Sound Physicians, a physician partner to hospitals, health plans, physician groups and post-acute providers. 

PointClickCare amassed a portfolio of companies over the past several years.

PointClickCare recently purchased health IT company Audacious Inquiry, which offers services focused on care coordination,  to grow its value-based capabilities. 

The Canadian company also scooped up companies like coordinated-care platform Collective Medical, post-acute care management company QuickMar, analytics tool Co-Pilot and post-acute care-focused COMS Interactive.

This summer, PointClickCare reached a valuation of more than $5 billion, up from $4 billion in early 2021.