M&A Deal Summary

Aquiline Capital Partners Acquires Avel eCare

On July 28, 2021, private equity firm Aquiline Capital Partners acquired healthcare services company Avel eCare from Avera Heart Hospital of South Dakota

Acquisition Highlights
  • This is Aquiline Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Aquiline Capital Partners’ 44th transaction in the United States.
  • This is Aquiline Capital Partners’ 1st transaction in South Dakota.

M&A Deal Summary
Date 2021-07-28
Target Avel eCare
Sector Healthcare Services
Buyer(s) Aquiline Capital Partners
Sellers(s) Avera Heart Hospital of South Dakota
Deal Type Divestiture

Target

Avel eCare

Sioux Falls, South Dakota, United States
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.

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Buyer(S) 1

Buyer

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 59 of 72
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 6 of 7
State (South Dakota) 1 of 1
Country (United States) 44 of 53
Year (2021) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Aon - U.S. Retirement Business

United States

Aon’s U.S. Retirement Business provides U.S. core retirement consulting and U.S. pension administration services to clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Hippo Insurance Services

Palo Alto, California, United States

Hippo Insurance Services is a provider of insurance services. Hippo allows homeowners to get a quote and purchase home insurance online in 60 seconds or less, save up to 25 percent compared with traditional insurers, and obtain smarter coverage for modern households. Hippo Insurance Services was founded in 2015 and is based in Palo Alto, California.

Sell -

Seller(S) 1

SELLER

Avera Heart Hospital of South Dakota

Sioux Falls, South Dakota, United States
Category Company
Sector Healthcare Services
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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