What is Avera?
Founded in 1897 and headquartered in Sioux Falls, South Dakota, Avera Health operates as a comprehensive integrated delivery network. The organization manages a sprawling footprint that includes the Avera McKennan Hospital & University Health Center and over 400 distinct locations. By employing a workforce of 18,000 professionals, Avera facilitates more than 2.2 million patient encounters annually. Its market position is defined by its ability to bridge the gap between specialized tertiary care and community-based health services, serving as a vital lifeline for populations across the region.
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 infrastructure and healthcare investment.
What's next for Avera?
The deployment of this major enterprise-level funding is expected to accelerate Avera's digital transformation and facility modernization initiatives. As the healthcare sector shifts toward value-based care models, Avera is well-positioned to leverage this capital to enhance its telehealth capabilities and expand its reach into underserved areas. Future strategic growth will likely focus on optimizing operational efficiencies across its 100-community network, ensuring that the system remains resilient against evolving regulatory pressures and the increasing demand for high-quality, accessible medical care.
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