Commonwealth Care Alliance receives $10 million from Vital Healthcare Capital

July 2, 2014 § 2 Comments

Last week, Commonwealth Care Alliance announced that we’ve received a $10 million loan from Vital Healthcare Capital – a new social-impact fund with support from the Robert Wood Johnson Foundation.

The loan provides funds for financial reserves required by the Commonwealth as we rapidly expand membership in our programs, which comes as Massachusetts continues to pioneer integrated, patient-centered care for people who are eligible for both Medicare and MassHealth. This time last year, Commonwealth Care Alliance provided care to approximately 6,000 Senior Care Options members; now, with the launch of One Care, we are caring for nearly 16,000 seniors and people with disabilities across Massachusetts.

We are grateful to Vital Healthcare Capital and the Robert Wood Johnson Foundation for supporting us as we expand.

“(These investors) could have gone other places. The fact that they recognized (us in their first investment) is something that really meant a lot in terms of their confidence and our ability to succeed,” Commonwealth Care Alliance CEO Dr. Robert Master told the Boston Business Journal during an interview last week.

Read the full article here: http://www.bizjournals.com/boston/blog/health-care/2014/06/commonwealth-care-alliance-lands-10m-loan-from-new.html?page=all

 

Advertisements

Tagged: , , , , , , , , ,

§ 2 Responses to Commonwealth Care Alliance receives $10 million from Vital Healthcare Capital

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Commonwealth Care Alliance receives $10 million from Vital Healthcare Capital at Dually Noted.

meta

%d bloggers like this: