- Markets. AVIA already serves more than 50 healthcare organizations nationwide. With this financing, the company will extend its services to pediatric hospitals; a broader group of health systems; and health insurers, starting with provider-sponsored plans. The AVIA Connect online platform will link participants together, enabling more decisive action toward the goals of the industry.

“The board-level conversation at most health systems now centers around building specific strategies and action plans to bring the organization’s digitally enabled future to life,” says Langshur. “This investment of capital comes at a time when our clients – and the healthcare industry at-large – are asking for proven solutions to support new care models, improve access, accelerate efficiency, and achieve better health outcomes. AVIA recognizes that need, and with the expansion in our service model, we’re ready to help propel the industry forward.”

“To truly improve quality, affordability and access, we need to accelerate practical digital solutions for providers, patients, and consumers,” says Aaron Martin, Chief Digital Officer of Providence, an AVIA investor and member since 2013. “AVIA’s unique business and service model helps us extend our efforts in digital transformation in order to deliver our Mission and serve our communities.”

Increased strength of investors and board expertise
With this funding round, AVIA’s list of Member-Owners has now grown to 12 organizations:
- Cedars-Sinai Health System
- ChristianaCare
- Inception Health (Froedtert & the Medical College of Wisconsin)
- MemorialCare
- Memorial Hermann Health System
- OSF HealthCare
- Providence
- Rush University Medical Center
- Silver Cross Hospital
- St Luke’s University Health Network
- The University of Kansas Health System
- University of Virginia Health System

In addition to First Trust Capital Partners, LLC, strategic investors in this round included Sumitomo Corporation of Americas, a global business and investment company with deep ties to a variety of healthcare constituencies, and Ziegler, an investment bank with deep healthcare industry knowledge.

AVIA’s ongoing growth has also led the organization to add two healthcare industry veterans to its board of directors: Jon Phillips, Managing Director and Head of Private Equity at First Trust Capital Partners, LLC, and Darren Dworkin, Senior Vice President of Enterprise Information Services and Chief Information Officer at Cedars-Sinai.

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