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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 gr
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SOURCE Catholic Health Iniatives, Denver, CO; Calvert Foundation,Bethesda,
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