Fierce Health IT July 29, 2021
Avera Health has sold off Avera eCare, its telemedicine services unit, to private investment firm Aquiline Capital Partners for an undisclosed sum.
The deal is expected to close in the final quarter of 2021 and will see the group renamed to Avel eCare, according to Wednesday’s announcement.
Avel eCare will remain in its Sioux Falls, South Dakota headquarters and continue providing its services to the health system with no interruption to patients. The company did not disclose other terms of the deal.
“We are very proud that Avera’s innovation in the telehealth space created this nationally renowned telehealth company,” Bob Sutton, president and CEO of Avera Health, said in a statement. “During the pandemic, people nationwide recognized the value of...