- Investment is part of UnitedHealthcare’s California Health Care Investment Program, a 20-year, $200 million commitment to improve health care access for underserved communities
- Funding gives health care organizations access to capital and helps expand services for patients
VISALIA, Calif.--(BUSINESS WIRE)-- UnitedHealthcare has invested $5.6 million in Family HealthCare Network to help the nonprofit build a new health center in Visalia and expand its Porterville campus to enhance patient services in the region.
UnitedHealthcare purchased Family HealthCare Network’s tax-exempt revenue bonds worth $5 million, and provided a $612,000 grant to pay for additional costs, for a total of $5.6 million in funding for the local nonprofit.
Family HealthCare Network is using the funds to help construct a 27,000-square-foot, two-story health center in Visalia that will include 44 medical exam rooms and 12 dental operating stations. The funds also will be used to help finance a new 4,000-square-foot building on the nonprofit’s Porterville campus to provide an additional 12 dental stations for underserved communities in the region.
Family HealthCare Network has a 35-year tradition of serving the underserved communities of Tulare and Kings counties. In 1997, it became the first freestanding ambulatory care center in Tulare County to be accredited by the Joint Commission on Accreditation of HealthCare Organizations. The 11 clinics offer an array of services from family practice to radiology to dental care.
“We are grateful to UnitedHealthcare for its generosity and support in funding these important projects that will expand services for patients in need of care in Tulare and Kings counties,” said Harry Foster, president and CEO, Family HealthCare Network. “The need for community-based services has never been stronger, and with this funding these clinics will focus on providing support for patients and families in most need of quality, affordable health care services.”
“This investment by UnitedHeathcare comes at a critical time as the need for care in our region continues to grow and funding resources remain scarce,” said state Assemblywoman Connie Conway. “These funds will not only help expand services provided by Family HealthCare Network, but improve access to quality care for so many individuals and families in the region.”
UnitedHealthcare provided the funding through its California Health Care Investment Program, which supports health care organizations that provide services to underserved, low-income and underinsured communities and populations throughout the Golden State. The investment program provides California health care entities access to capital rates that are highly competitive with those of conventional financing. To date, the California Health Care Investment Program has provided more than $224 million in total investments to 30 health care organizations in California, including 10 in the Central Valley valued at $55 million.
“Family HealthCare Network is a tremendous asset to the communities it serves, helping thousands of patients receive quality care,” said Dan Rosenthal, CEO, UnitedHealthcare Employer & Individual of Northern California. “UnitedHealthcare is grateful for the opportunity to support the nonprofit through the California Health Care Investment Program, which will help fund these new clinics and expanded services, and help ensure Californians have access to quality, affordable care.”
UnitedHealthcare offers health benefits, including commercial and Medicare health plans, to nearly 2.3 million Californians, and partners with about 50,000 physicians across the state.
UnitedHealthcare is dedicated to helping people nationwide live healthier lives by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. The company offers the full spectrum of health benefit programs for individuals, employers and Medicare and Medicaid beneficiaries, and contracts directly with more than 650,000 physicians and care professionals and 5,000 hospitals nationwide. UnitedHealthcare serves more than 38 million people and is one of the businesses of UnitedHealth Group (NYSE: UNH), a diversified Fortune 50 health and well-being company.
Matthew Yi, 714-226-3842
KEYWORDS: United States North America California
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