What is Avera?
Founded in 1897 and 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 across more than 100 communities. Employing approximately 18,000 individuals, including physicians, Avera serves a vast region spanning five states. In the last fiscal year, the network facilitated 2.2 million inpatient, outpatient, and clinic visits, a volume more than double the population of its service area, highlighting its critical role in regional healthcare.
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 or loans to support infrastructure and essential services, such as those offered by Avera.
What's next for Avera?
The recent major strategic investment suggests Avera is poised for significant expansion or enhancement of its services. Given its long history and extensive network, this capital is likely to be directed towards technological advancements, service line expansion, or strengthening its operational infrastructure to meet the growing healthcare demands of the communities it serves. This funding will enable Avera to further solidify its position as a leading healthcare provider in its operational regions.
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