Post-acute EHR company PointClickCare Technologies recently acquired QuickMAR, an electronic medication administration platform, to expand its reach into the long-term post-acute care market.
The terms of the deal, announced today, were not disclosed.
PointClickCare is a cloud-based software provider for the long-term post-acute care and senior living provider market, and its EHR is used in 70% of U.S. skilled nursing facilities, according to the company. QuickMAR provides an electronic medication administration record (eMAR), mainly to pharmacies and senior living facilities for the purposes of distributing, tracking and reordering medications and treatments safely and efficiently. Along with the eMAR platform, QuickMAR’s products include CareSuite, an EHR for long-term care providers.
QuickMAR will continue to offer its CareSuite Manager platform through a separate business unit. The company’s leadership and staff will remain the same, the company said.
The long-term care software market is growing at a steady pace, with projections that it will reach $2.1 billion by 2025, according to Grand View Research. Aging baby boomers, growing incidence of chronic diseases and government initiatives to include long-term care software in healthcare facilities are anticipated to drive the growth, according to the research.
“The combination of two leading organizations will offer senior living customers and pharmacy partners greater flexibility in how they adopt and scale their resident care strategies while working through a single technology vendor,” PointClickCare said in a release.
“The acquisition of QuickMAR expands and strengthens our health and wellness portfolio, provides our customers with more flexibility and choice in medication management solutions, and enables us to service a more diverse set of senior living communities,” Mike Wessinger, PointClickCare chief executive officer, said in a statement,
With the acquisition of QuickMAR, PointClickCare will look at opportunities to further enhance its integrated medication management solution, the company said.
“The pharmacy market is extremely important to us and we want to extend our suite of products, services and support to this segment,” said Andy Brigant, vice president, pharmacy practice group at PointClickCare.