M&A Deal Summary

Avel eCare Acquires Horizon Virtual

On May 2, 2024, Avel eCare acquired healthcare services company Horizon Virtual

Acquisition Highlights
  • This is Avel eCare’s 3rd transaction in the Healthcare Services sector.
  • This is Avel eCare’s 3rd transaction in the United States.
  • This is Avel eCare’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-05-02
Target Horizon Virtual
Sector Healthcare Services
Buyer(s) Avel eCare
Deal Type Add-on Acquisition

Target

Horizon Virtual

Saint Cloud, Minnesota, United States
website
Horizon Virtual is a telemedicine company engaged in virtual hospitalist services. Horizon Virtual is based in Saint Cloud, Minnesota.

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Buyer(S) 1

Buyer

Avel eCare

Sioux Falls, South Dakota, United States

website

Category Company
Founded 1993
Sector Healthcare Services
DESCRIPTION

Avel eCare offers the most comprehensive virtual health networks by partnering with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools across the country. The company's programs improve efficiencies, decrease provider burnout and turnover, and keep patients closer to home. Avel eCare was formed in 1993 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Fident Health

Addison, Texas, United States

Fident Health is a virtual hospitalist provider dedicated to delivering high-quality telemedicine care to rural and suburban communities. Fident Health was founded in 2016 and is based in Addison, Texas.

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