Avel eCare Closes Ownership Transition to Aquiline Capital Partners

Avel eCare closed its ownership transition from Avera Health to Aquiline Capital Partners, a private investment firm based in New York and London with $6.9 billion AUM. The transaction was announced in July, in which Aquiline executed a carve-out of Avera eCare from Avera Health and renamed the company Avel eCare.

Telemedicine provider Avel eCare partners with more than 600 health care systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings, and schools. Read more.

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Physicians Immediate Care Acquired by Chicago Rival

One of Chicago’s most recognizable urgent care brands is being scooped up by a local competitor in a move that will make them among the largest urgent care providers in the area, Modern Healthcare reports. Rosemont-based Physicians Immediate Care has been acquired by WellNow Urgent Care, a division of Chicago-based TAG—The Aspen Group.