Carrick Capital Acquires Procura


For his article, Reporter Tim Hay speaks with Marc McMorris about the investment in Procura.  “Carrick Capital co-founder Marc McMorris said his firm has acquired about 100% of Procura, but that investors have carved out a bit of equity to be held by the company’s founders. The Victoria, Canada-based company was never funded by venture firms, he added.”

“Procura brings in tens of millions of dollars in annual revenue, Mr. McMorris said. The company has several different divisions that sell software to various types of care facilities. The company’s software is mainly used for back-office operations like billing. As the country’s health-care system attempts to transition away from costly hospital stays and toward home-based or other residential care, Procura is in a position to grow dramatically, Mr. McMorris said.”

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