“Avera remains focused on its goals to accelerate growth including digital health, geographic expansion and investments in its people,” Sutton said. “We are proud of all that the eCare team has accomplished, and our patients will continue to benefit from the lifesaving care delivered via telemedicine.”
Avel eCare includes a broad range of service lines that include Behavioral Health, Correctional Health, Emergency, Hospitalist, ICU, Pharmacy, School Health, Specialty Clinic and Senior Care.
Avera engaged Ziegler, a national boutique investment bank, as its financial advisor and Foley & Lardner as legal counsel for this acquisition.
About Aquiline
Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in companies across financial services and technology, business services, and healthcare. The firm had $6.4 billion in assets under management as of March 31, 2021.
About Avel eCare
Avel eCare offers one of the largest and most comprehensive virtual health networks in the world – partnering with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools across the country.
Back to HCB News
