Vital Healthcare Capital Launches $30 Million Social Impact Loan Fund Supporting Better Care for People with Complex Needs in Low-Income Communities
Financing For Providers Developing Better Care Models and Quality Frontline Healthcare Jobs
New York, NY — Vital Healthcare Capital (V-Cap), a social impact lender, today 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 diverse group of leading impact investors — Atlantic Philanthropies, the Ford Foundation, JPMorgan Chase Foundation, MetLife, Dignity Health, and Bank of America — have banded together to make this new source of capital available during a period of fast-moving change in how health care is delivered and paid for. Learn more.
“V-Cap is a financial partner for healthcare providers that are building better care for the most vulnerable, and better jobs for the frontline healthcare workforce,” said Steven Weingarten, CEO of V-Cap. “Our system of care has all too often been fragmented, expensive, and dehumanizing – especially for people with complex needs. We provide flexible financing to creative provider organizations, enabling them to innovate, grow, and develop high-performing health care.”
V-Cap will deploy those funds as flexible loans to healthcare providers such as community clinics, mental and behavioral health providers, senior care providers, community hospitals, and special needs health plans. V-Cap loans will support better integrated health care that improves health and disease management, and develops quality jobs for frontline healthcare workers. All V-Cap loans will focus on low-income communities.
V-Cap is distinguished by its diverse consortium of investors, pulling together some of the nation’s largest philanthropies and community development-focused institutions with expertise in health care and workforce development.