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Announced

Completed

Avel eCare completed the acquisition of Fident Health.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Medical Services

Friendly

telemedicine care

Acquisition

Completed

Single Bidder

Domestic

Private

Majority

virtual hospitalist

Synopsis

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Avel eCare, a provider of clinician-to-clinician telemedicine services, completed the acquisition of Fident Health, a Texas-based virtual hospitalist provider dedicated to delivering high-quality telemedicine care to rural and suburban communities. Financial terms were not disclosed. "Providers across the country are experiencing staffing shortages and burnout among clinicians, which ultimately impacts patient care. The problem is particularly acute in rural America where patients are already feeling the impact of the crisis. Fident Health is uniquely positioned to address those needs with its highly experienced team of virtual clinicians. Together, we can expand telemedicine support as we work to address health equity, and ensure quality care is accessible to all," Doug Duskin, Avel eCare CEO.

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