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.