Health Center Highlights

 

Capital Link regularly profiles health centers that have successfully completed their expansion plans. These health center stories are available on our website. Capital Link regularly profiles health centers that have successfully completed their expansion plans. The next additions to our series of health center project success stories will be ChapCare, CA and an impact analysis on Family Health Centers of San Diego, CA.

We want to congratulate Blackstone Valley Community Health Center, for recently closing financing on a $14.1 million new health center in Central Falls, RI. Upon completion in February 2018, BVCHC’s new 47,000 square-foot Central Falls Neighborhood Health Station will be a unique collaboration of population-based primary care and public health aiming to serve 90 percent of residents and provide 90 percent of the health citywide. Capital Link lending affiliate Community Health Center Capital Fund, in collaboration with Local Initiatives Support Corporation (LISC), Morgan Stanley, and The Kresge Foundation, provided funding for the project through Healthy Futures Fund 2.0. Read more about the project on Capital Fund’s blog.

We also want to congratulate Community Health Systems, Inc. (CHS) for recently closing financing on a $5.6 million renovation and expansion of a new facility in Bloomington, CA. Upon completion in the summer of 2018, CHS’s new the health center will be able to serve an estimated 11,000 additional patients through 36,000 visits annually, a significant increase to its current capacity of approximately 5,600 patients through 18,500 visits annually. The project was funded using multiple sources, including a $2,000,000 leveraged loan from Capital Fund. Read more here.