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Blue Cross of California Invests $10.6 Million in Community Clinics Through the Investment in a Healthy California Program
Date:10/8/2007

rofit public benefit corporation headquartered in Shafter, Calif. Formerly known as the Buttonwillow Health Center, Inc., NHSI provides a full range of primary and preventive care and supportive services to underserved populations, including migrant and seasonal farm workers through its operation of eleven facilities in Kern County. The proceeds of the bond issue will allow for construction of a new administration center in Shafter, additional medical and dental clinics in Rosedale and Ridgecrest and refinancing existing debt.

"Helping providers in smaller communities access capital is good for our healthcare system," said Dr. Rosalio (Leo) Lopez, chairman of the IHCP advisory committee. "Through this program we have provided over $200 million to communities to expand the vital services that meet the health needs of the people they serve. This most recent $10 million investment helps build more healthcare facilities to serve a very rural area of California."

"Community clinics are an essential piece of the healthcare delivery system that are dedicated to serving low-income communities," said Kathy Lim Ko, IHCP advisory committee member and immediate past chairwoman. "The benefits provided by the IHCP allow these facilities to expand health services to the most at-risk populations in our state."

As part of the 2004 WellPoint/Anthem merger, Blue Cross of California and BC Life & Health allocated $200 million of their investment portfolios to create the IHCP. This innovative program was created to provide investment capital to healthcare facilities serving low-income urban and rural underserved California communities. Blue Cross collaborated with state regulators and the IHCP advisory committee, which is comprised of leading healthcare professionals, to ensure the program succeeded in meeting the objectives outlined by the merger agreement. The IHCP is one of the largest investment programs of its kind in the country - specifically designed to address
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SOURCE Blue Cross of California
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