Health Center Highlights
National Health Center Week - August 12-18, 2018
National Health Center Week has been celebrated for over 30 years. The goals of this special event are twofold: to enhance the visibility and profile of Community, Migrant, and Homeless, and Public Housing Centers; and to generate community pride and build support for the health centers program. Health centers across the country are celebrating their long record of success and delivery of high quality, cost effective, and accessible care, and Capital Link congratulates each and every one. This year’s theme, Celebrating Health Centers: Home of America’s Health Care Heroes, focuses specifically on the individuals at health centers who are instrumental in providing quality health care for patients in the community. Visit the National Health Center Week website for events, health center stories, and more.
Client Stories
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 addition will be Katy Trail Community Health, MO.
Completed Financings
We would like to congratulate the following three health centers for completing financing to renovate and expand their facilities.
Unity Care Northwest closed financing for a $15 million project in Bellingham, WA. The new facility will support increased capacity and services, including medical, dental, behavioral health, a pharmacy, and more office space. With this facility, expected to be completed in May 2019, the health center will be able to serve approximately 8,300 additional patients and create jobs for nearly 50 more full-time employees by 2025. Financing was achieved through a New Markets Tax Credit (NMTC) transaction, leveraged loans, and a cash investment. NMTC allocation was provided by Capital Link’s lending affiliate, Community Health Center Capital Fund, and Primary Care Development Corporation.
PrimeCare Community Health closed financing for a $7.8 million project, replacing an existing site and adding capacity to expand services to better serve the center’s patient population in northwest Chicago, IL. The new facility is expected to attract a substantial number of new patients in an area not currently well served by FQHCs, plus expand PrimeCare’s dental services, primary care, and behavioral health services. With this facility, planned for completion in 2019, the health center will be able to serve approximately 7,000 additional patients with 20 additional staff. Financing was achieved through a New Markets Tax Credit (NMTC) transaction, with NMTC allocation provided by Capital Link’s lending affiliate, Community Health Center Capital Fund.
Houston Community Health Centers d/b/a Vecino Health Centers closed financing for a $5 million project in Houston, TX, allowing the health center to renovate and expand two facilities it currently owns (Airline and Denver Harbor). The project will expand each clinic by 5,000 square feet, expanding capacity for dental services, pediatric primary care, general population primary care and behavioral health services. With these expanded facilities, the health center will be able to serve an additional 7,000 patients annually with 20 additional staff. Financing was achieved through a New Markets Tax Credit (NMTC) transaction, with NMTC allocation and leverage debt provided by Capital Link’s lending affiliate, Community Health Center Capital Fund.