Healthcare & Life Sciences Private Equity Deal Tracker: Aquiline Capital Acquires Avera eCare

McGuireWoods LLP

Aquiline Capital Partners has acquired Avera eCare from Avera Health, according to a news release.

Avera eCare, based in Sioux Falls, S.D. is a telemedicine services provider. The company reports that it is partnered with more than 600 healthcare systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings and schools across the country.

Avera Health is a regional health system based in Sioux Falls, S.D.

As part of the acquisition, Aquiline has carved out Avera eCare and renamed the company Avel eCare.

Aquiline Capital Partners is a is a private investment firm with its U.S. operations based out of New York. Its private equity team targets investments in several industries. Investments typically falling in the range of $20 million to $200 million, either funded all at once or over time.

Terms of the acquisition were not disclosed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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