Comvest Credit Partners Announces Investment In Avel Ecare
12/08/21, 9:00 AM
Location
west palm beachComvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility to support the carve-out of Avel eCare from Avera Health by Aquiline Capital Partners, a private investment firm. The new company, called Avel eCare, is a national leader in delivering telemedicine care.
Company Info
Location
west palm beach, florida, united states
Additional Info
The firm had $6.9 billion in assets under management as of June 30, 2021. “We are pleased to contribute Comvest’s significant investment expertise in recurring-revenue businesses in the healthcare and technology sectors in structuring a highly customized, needs-responsive facility that will enable Avel eCare to rapidly expand the business. Based in Sioux Falls, S.D., Avel eCare is among the world’s largest virtual care providers, delivering two-way video telehealth care to a variety of healthcare facilities, including health systems, rural hospitals, critical care units, outpatient clinics, and long-term facilities. Avel eCare is one of the largest and most comprehensive virtual care providers in the world – partnering with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools to deliver innovative care in communities across the country.