PCDC Receives Upgraded Rating from Aeris

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) has received from Aeris — the community development financial institution (CDFI) rating and information service — a Four-star impact performance rating with Policy Plus and AA+ financial strength and performance rating. PCDC’s AA+ financial strength and performance rating is an enhancement of its previous AA rating, signifying “very strong …

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A Health Center’s $47 Million Evolution

Categories: Client Spotlight, Investment
Community Health Center, Inc. (CHC) — Connecticut’s largest Federally Qualified Health Center — celebrated the culmination of an ambitious project this spring: a $47 million expansion of three sites across the state. Made possible through PCDC financing, the new facilities span a total of 81,400 square feet and expand primary care access to an additional …

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Before and After Financing: A Rural Health Center Thrives

Categories: Client Spotlight, Investment
In Connecticut, drug and opioid overdoses have surpassed car accidents as the leading cause of accidental deaths. The epidemic is largely centered in the rural region served by Community Health and Wellness Center of Greater Torrington (CHWC). “The opioid crisis is far-reaching and has no boundaries,” says Joanne Borduas, CEO of CHWC. “It affects all ages, …

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Health Center Expands with New ‘Green’ Facility

Categories: Investment, PCDC News
A three-story “living wall” of greenery was only the first hint of change at Connecticut’s Community Health Center, Inc. (CHC). The dazzling display adorns CHC’s new Knowledge & Technology Center, a 31,000-square-foot facility financed in part by the Primary Care Development Corporation. For the recent grand opening in Middletown, dozens of guests — from elected …

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$19.8 Million Project to Enhance Care for Philadelphia’s Seniors

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) recently completed financing of its first project in Philadelphia: a 28,000-square-foot center that will provide primary care services and safe, respectful living accommodations for seniors in their own community. The $19.8 million financing enables NewCourtland Senior Services to construct a Living Independence for the Elderly (LIFE) Center to be …

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