Avel eCare Acquires Hospital Pharmacy Management, Inc.

Avel eCare Acquires Horizon Virtual

May 2, 2024

Healthcare Services

Avel eCare, a Sioux Falls–based telemedicine provider, has acquired Minnesota-based Horizon Virtual, a virtual hospitalist services provider. The acquisition expands Avel's hospitalist capabilities and national telemedicine footprint by adding Horizon Virtual's hospitalist team and expertise to Avel's platform.

Avel eCare Acquires NightWatch Remote Pharmacy Services

January 10, 2023

Healthcare Services

Sioux Falls-based telemedicine provider Avel eCare has acquired NightWatch, a West Virginia–based remote pharmacy services firm and subsidiary of Vaught, Inc. The acquisition expands Avel eCare’s pharmacy telemedicine capabilities and geographic reach across the Midwest and mid-Atlantic, enabling expanded after-hours hospital pharmacy coverage for hospitals, clinics and long-term care facilities.

Aquiline Capital Partners Completes Acquisition of Avel eCare from Avera Health

November 1, 2021

Healthcare Services

Aquiline Capital Partners completed the ownership transition of Avel eCare (formerly Avera eCare) in a carve-out from Avera Health. Aquiline will partner with Avel eCare's leadership to scale the telemedicine provider’s clinical and technology services and expand its reach to underserved and rural communities across the United States.

Avel eCare Acquires Amwell Psychiatric Care from Amwell

January 9, 2025

Healthcare Services

Avel eCare has acquired Amwell Psychiatric Care (APC) from Amwell in an all-cash transaction worth approximately $21 million at closing plus an additional earn-out. The sale transfers APC technology, personnel and the affiliated Asana psychiatric clinical network to Avel as Amwell sharpens focus on its core digital care platform and strengthens its balance sheet. The acquisition expands Avel eCare's behavioral health capabilities and broadens its national telemedicine footprint.

Avel eCare Acquires Fident Health

September 19, 2023

Healthcare Services

Avel eCare, a clinician-to-clinician telemedicine provider based in Sioux Falls, South Dakota, has acquired Texas-based virtual hospitalist provider Fident Health. The acquisition expands Avel eCare's hospitalist and senior care telemedicine capabilities and clinical network to better serve rural and suburban hospitals and senior care facilities across the United States.

Aquiline Capital Partners Acquires Avel eCare (carve-out from Avera Health); Comvest Provides Senior Credit Facility

December 8, 2021

Healthcare Services

Aquiline Capital Partners completed the acquisition (carve-out) of Avel eCare from Avera Health, creating a standalone telemedicine company. Comvest Credit Partners acted as administrative agent providing a senior secured credit facility to support the transaction and Avel eCare's growth and expansion of virtual care services.