Commonwealth Care Alliance receives $10 million from Vital Healthcare Capital
July 2, 2014 § 2 Comments
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.