HealthCore Clinic: Wichita, KS (Closed June 2016)
NEW YORK, N.Y., June 13, 2016. Capital Peak Partners represented HealthCore Clinic to close a $10 million New Markets Tax Credit loan to complete a $10.7 million expansion and renovation of its existing Federally Qualified Health Center in Wichita, KS, offering an expanded range of affordable, integrated health services to people of all ages. The financing included $9.0 million in New Markets Tax Credits allocation provided by Primary Care Development Corporation (PCDC), $1.0 million of NMTC allocation provided by Capital One, $3.4 million of tax credit equity provided by Capital One, and loans totaling $5.6 million provided by PCDC and participating lender Local Initiatives Support Corporation (LISC). The new 40,000 square foot facility will bring critical services to the community of Wichita. In addition to its 33 exam rooms, seven-chair dental clinic, and 340B pharmacy, it will also provide important social services, such as a medical-legal partnership area, demonstration kitchen, physical fitness room, education center, and a research area for students of the University of Kansas Medical School and Wichita State University.
Press Release: (http://www.pcdc.org/news/press-releases/healthcore_closing.html)