What is Avera?
Founded in 1897 and headquartered in Sioux Falls, South Dakota, Avera Health operates as a comprehensive integrated delivery network. With a footprint encompassing 417 locations across more than 100 communities, the organization manages a vast ecosystem of inpatient, outpatient, and clinical services. Employing approximately 18,000 professionals, Avera serves as a vital healthcare hub, recording over 2.2 million patient encounters annually. Its market position is defined by its ability to bridge the gap between specialized university-level medical care and accessible community-based health services, effectively serving a population density that requires robust, scalable medical infrastructure.
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
A federal agency dedicated to improving the economic stability and quality of life in rural America through strategic infrastructure and healthcare investments.
What's next for Avera?
With this major enterprise-level funding, Avera is positioned to accelerate its digital transformation and facility modernization initiatives. The strategic allocation of this capital will likely focus on enhancing telehealth capabilities and expanding clinical capacity to meet the growing demand for integrated care models. As the organization navigates the complexities of modern healthcare delivery, this investment serves as a catalyst for long-term operational resilience and service optimization. Future growth trajectories will likely prioritize the integration of advanced medical technologies and the expansion of its physician network to maintain its competitive edge in the regional healthcare sector.
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