Avel eCare continues to expand its nationwide leadership in telemedicine with the acquisition of Horizon Virtual. The deal marks Avel’s third acquisition since January 2023 as the company continues its aggressive growth strategy into 2024.
Horizon Virtual is a Minnesota-based virtual hospitalist services provider offering telehealth admission and telemedicine coverage to hospital patients.
Avel eCare offers one of the largest and most comprehensive virtual health networks in the world. Since 1993, Avel physicians and clinicians have partnered with more than 650 healthcare systems, rural hospitals, outpatient clinics, long-term care facilities, schools and correctional facilities across the country to deliver high-quality care. Aquiline Capital Partners acquired Avel eCare in November 2021.
Darin Willardsen, CEO of Horizon Virtual, will serve as Vice President of Provider Relations and Strategic Partnership at Avel. Dr. Todd Severnak will serve as the Medical Director for the combined Hospitalist service at Avel. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 87th eHealth transaction of 2024, and the 13th in the telehealth specialty. This is a decline from last year, when there were 106 eHealth and 20 telehealth transactions announced between January 1, 2023, and May 6, 2023.
