Navigation Links
Catholic Health Initiatives Makes $10 Million Investment in Calvert Foundation's Community Investment Notes
Date:3/13/2008

Major Initiative Will Promote Healthy Communities in U.S. and Around the World; Investment is Single Largest from Faith-Based Group in Groundbreaking Program

BETHESDA, Md. and DENVER, March 13 /PRNewswire-USNewswire/ -- Catholic Health Initiatives, the nation's second-largest faith-based health care system, is making a $10 million investment in Calvert Social Investment Foundation (Calvert Foundation) Community Investment Notes. The major initiative underscores the health care system's long-term commitment to going beyond quality healthcare to promoting the health of communities.

"Our focus has always been on providing the best health care available -- especially to underserved communities," said Kevin Lofton, president and chief executive officer of Catholic Health Initiatives. "We have been promoting the social good since our formation more than a decade ago by investing in organizations, such as the Calvert Foundation, that are committed to building healthy communities. This investment is especially appropriate for us because it is a major step toward helping to provide sustainable solutions to fighting poverty and improving the health of disadvantaged populations."

Shari Berenbach, executive director of the Calvert Foundation, said, "I would like to congratulate Catholic Health Initiatives on using their leadership role to make a real difference not only in the lives of people in the communities in which they work, but also in developing countries, where microfinance truly helps families pull themselves out of poverty. CHI is truly taking a localized approach to supporting the poor here in the U.S. and around the globe."

Catholic Health Initiatives follows on the heels of previous Community Investment Note investments by other health care systems, including Trinity Health and Catholic Healthcare West, both of which have invested millions in underserved communities over the past three years. These groups are part of a growing number of institutions working with Calvert Foundation to express their values through community investment.

The investment by Catholic Health Initiatives is a major boost for Calvert Foundation, which, in the wake of the investment, has over $175 million in assets. To date, this is the largest investment by a faith-based organization in the Community Investment Note program.

"We have been fortunate to work with a range of faith-based groups from various denominations each with their own social impact objectives," said Berenbach. "Through our partnerships with faith-based institutions and congregations, we are able to help accomplish a common goal: helping fight poverty through investment."

Catholic Health Initiatives' investment is in Calvert Foundation's flagship product, the Community Investment Note, a high-impact, fixed income investment that channels affordable capital to underserved communities and markets, providing economic opportunities where they are needed most. Calvert Foundation offers custom targeted portfolios for larger investors that align with their mission and desire for maximum social impact.

ABOUT CALVERT FOUNDATION

For over 12 years, Calvert Social Investment Foundation, a nonprofit 501(c)(3) organization, has been working to make community investment a safe and logical option for all investors seeking to make a positive social impact. To make community investment accessible to a wider audience, Calvert Foundation has removed critical barriers by creating investment products that blend both financial and social returns. With more than $170 million in assets, Calvert Foundation focuses on using investment capital, rather than conventional philanthropy, to create a sustainable, scalable model that enables nonprofit organizations, microfinance institutions and social enterprises to address critical social problems.

ABOUT CATHOLIC HEALTH INITIATIVES

Catholic Health Initiatives is a national nonprofit health organization with headquarters in Denver. The faith-based system includes 72 hospitals; 42 long-term care, assisted- and residential-living facilities; and two community health-services organizations in 19 states. Together, those facilities provided almost $480 million in community benefit in the 2007 fiscal year, including services for the poor, free clinics, education and research. With approximately 65,000 employees and annual revenues of $7.7 billion, Catholic Health Initiatives ranks as the nation's second-largest Catholic health care system.


'/>"/>
SOURCE Catholic Health Iniatives, Denver, CO; Calvert Foundation,Bethesda,
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. RNs at Nine Catholic Healthcare West Hospitals Reach Agreement on New Master Pact
2. Catholic Charities USA Calls on Congress and the President to Protect the Health of Children; Urges President Not to Veto Vitally Important Bill
3. Catholic Health Association to Congress and President Bush: Uninsured Children Need Your Help Now
4. Connecticut Catholic Conference Wrong to Allow Plan B in Catholic Hospitals
5. Michigan Catholic Conference Launches Massive Internal Stem Cell Education Program
6. Audio Replay: Catholic Charities USAs Briefing on the Inextricable Link Between a Veto of SCHIP and Poverty in America
7. Catholic Health Association Condemns Denial of Health Insurance for Children
8. Catholic Health Association Disappointed by Failure to Override SCHIP Veto
9. U.S. Catholic Bishops Pro-Life Secretariat to Congress: Support the Mexico City Policy
10. Catholic Charities USA to Release Report on November 15th that Shows Challenges Facing Americas Poor
11. New Poll Shows Catholics Around the World Believe Good Catholics Can Use Condoms
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... ... December 02, 2016 , ... ... two ostomy patients, standing as living proof that attitude and determination can combine ... and issues that spike around the holidays. This campaign will offer patients a ...
(Date:12/2/2016)... ... December 02, 2016 , ... Mediaplanet is proud to ... which covers the innovative treatments, therapeutic technologies, and revolutionized nutrition that are helping ... prolonging life 6 years in the last 3 decades,” says Dr. Valentine Fuster, ...
(Date:12/2/2016)... ... December 02, 2016 , ... Universal Medical Systems, Inc. ... the first company to offer robotic imaging to veterinary medicine is sponsoring the ... 941 for the American Association of Equine Practitioners 62nd Annual Convention from December ...
(Date:12/2/2016)... ... ... Yisrayl Hawkins, at The House of Yahweh in Abilene, Texas, has published ... Yisrayl says this generation, known as the Last Generation, started in 1934 A.Y. (After ... up exactly with Bible Prophecy – a protected way for those who will believe. ...
(Date:12/2/2016)... ... December 02, 2016 , ... On ... individuals and families from eight different sites throughout Miami-Dade and Broward counties. This ... volunteers worked very hard on Thanksgiving morning by putting together individual meals via ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... National Pharmacy Services, LLC ("Maxor"), today announced that it has ... of Texas -based Maxor Specialty / IV ... both company,s clinical expertise and high-touch patient service models to ... About Maxor ... , , Established ...
(Date:12/2/2016)... , Dec. 2, 2016 Boston Scientific Corporation ... agreement to acquire certain manufacturing assets and capabilities of ... NVC) advanced biological tissue business, as well as a ... $75 million in cash. The Neovasc advanced biological tissue ... the Boston Scientific Lotus™ Valve System. * Upon ...
(Date:12/2/2016)... N.J. , Dec. 2, 2016   CytoSorbents ... immunotherapy leader commercializing its European Union approved CytoSorb ... and cardiac surgery patients worldwide, announced that Dr. ... the 9th Annual LD Micro Main Event ... , 2016 at the Luxe Sunset Boulevard Hotel in ...
Breaking Medicine Technology: