Vital Healthcare’s $30 million fund to benefit health care providers

By Lisa Kerner

Charlotte, N.C., Nov. 17 – Vital Healthcare Capital (V-Cap) announced a new $30 million fund to support better integrated care for at-risk people such as frail seniors, people with disabilities, at-risk youth and individuals with behavioral health needs.

A group of impact investors are making the new source of capital available and include Atlantic Philanthropies, the Ford Foundation, JPMorgan Chase Foundation, MetLife, Dignity Health and Bank of America, according to a news release.

V-Cap said it will deploy the funds as flexible loans to health care providers such as community clinics, mental and behavioral health providers, senior care providers, community hospitals and special needs health plans.

The company expects to support 10 to 20 high-performing health care organizations with its new funds and is currently considering proposed transactions.

V-Cap, a New York City-based social impact lender, plans to grow to a $100 million revolving loan fund over the next five years.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.