Hellman invests in cloud-based healthcare software provider PointClickCare

Affiliates of Hellman & Friedman LLC made a minority strategic investment in cloud-based healthcare software provider PointClickCare Technologies.

Dragoneer Investment Group LLC also increased its stake in the JMI Equity portfolio company, which will use the proceeds to further expand its product offerings and accelerate growth.

Hellman Partner Sameer Narang will join PointClickCare's board and the company's founders, Mike and David Wessinger, will control and operate the business with the board's backing.

UBS Investment Bank offered financial advisory services to PointClickCare, while Goodwin Procter LLP provided legal advisory services to the company. Evercore provided financial advisory services to JMI Equity.