Avera eCare to be acquired by private equity firm – SiouxFalls.Business

July 28, 2021

A private equity firm based in New York and London plans to acquire Avera eCare.

Aquiline Capital Partners is the buyer for the telemedicine operation grown by Avera Health over the past two decades, which is being renamed Avel eCare.

“I know that they see there’s potential for this to not only scale nationally but internationally,” said Bob Sutton, Avera’s CEO. “To scale it, to put the capital in to scale this, really needed … a buyer that could take it to the level where it could reach even more people.”

Avel eCare’s headquarters will remain in Sioux Falls, and its more than 230 employees will remain.

The telemedicine operation here has grown to serve more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted living centers and schools across the country. That ranks it among the largest and most comprehensive virtual health networks worldwide.

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