What is Avera?
Headquartered in Sioux Falls, South Dakota, Avera Health operates as a comprehensive integrated delivery network. The organization encompasses Avera McKennan Hospital & University Health Center and extends its reach through 417 locations in over 100 communities. With a workforce of approximately 18,000 employees and physicians, Avera serves a vast patient base, recording 2.2 million inpatient, outpatient, and clinic visits in the last fiscal year. This extensive network provides a broad spectrum of healthcare services to a significant population base.
How much funding has Avera raised?
Avera has raised a total of $985K across 1 funding round:
Grant
$985K
Grant (2020): $985K with participation from USDA Rural Development
Key Investors in Avera
USDA Rural Development
USDA Rural Development is a government agency focused on investing in rural communities, likely providing grants and loans to support essential services such as healthcare infrastructure.
What's next for Avera?
The substantial enterprise-level funding, including the recent strategic investment, positions Avera for continued expansion and enhancement of its integrated healthcare services. This capital infusion is likely to support technological advancements, facility upgrades, and the expansion of its service offerings to meet the evolving healthcare needs of the communities it serves. Avera's strategic financial positioning suggests a focus on strengthening its market leadership and operational efficiency within the competitive healthcare landscape.
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