avel ecare announces closing of ownership transition to aquiline capital partners

November 1, 2021

Sioux Falls, S.D. and New York - Avel eCare announced today the closing of its ownership transition from Avera Health to Aquiline Capital Partners, a private investment firm based in New York and London with $6.9 billion in assets under management. The transaction was previously announced in July 2021 in which Aquiline executed a carve-out of Avera eCare from Avera Health and renamed the Company Avel eCare.

Doug Duskin will be joining the company as Chief Executive Officer and Don Yish has been named Chief Revenue Officer. Deanna Larson will remain with the Company as President of Clinical Operations and will drive the clinical expansion strategy. The rest of the Company's core leadership team remains in place. Avel eCare's more than 230 employees will continue to work for the Company at the firm's headquarters in Sioux Falls, S.D.

Duskin is an experienced healthcare executive with a proven track record of working with high-potential companies to leverage new opportunities, expand on existing services, and recognize consistent growth, all while staying mission-driven and laser-focused on service. Duskin comes to Avel after spending time leading two separate healthcare organizations - Change Healthcare and Equality Health. Yish has more than 30 years of healthcare experience and brings expertise in business development and company expansion. Yish's experience includes leading teams at Outcomes Health Information Solutions, HMS (Health Management Solutions), and Equality Health.

For the past 28 years, Larson has led Avel eCare through a period of expansive growth, devoting her career to ensuring rural populations receive high-quality healthcare. With her strong vision and leadership, Avel eCare has become a national leader in delivering innovative telemedicine care impacting millions of individuals across the country.

"We are thrilled to formally begin the partnership between Avel eCare and Aquiline. Avel eCare's clinical and technology resources are a great foundation on which to build. We are excited to have the support of Aquiline and together we aim to capitalize on healthcare trends to scale our services and enhance our offerings around the country. This partnership will allow Avel eCare to expand its mission to help ensure that all people, regardless of location, get quality healthcare where and when they need it."

Doug Duskin,
CEO of Avel eCare said.

"Avel eCare's mission to become a trusted, well-integrated member for its clinicians, along with its proven track record of providing quality care to underserved communities, aligns well with our expertise in building tech-enabled services businesses. We look forward to partnering with Doug and his management team to navigate the Company's next phase of growth."

Jeff Greenberg,
Chairman and CEO of Aquiline said.