Today's Date: December 5, 2022
Government of Canada announces projects in Saskatoon to support seniors   •   Baron & Budd Obtains $23.8 Million Settlement in Whistleblower Lawsuit Against Essilor   •   A Celebratory Weekend at Watercrest Columbia Assisted Living and Memory Care Honors Resident Veterans   •   DHA, Housing Solutions for North Texas Announces Application Launch for New Affordable Housing Units in Dallas   •   Publix recognized with Audubon Florida 2022 Distinguished Philanthropist Award   •   FREYR Battery Announces Closing of $264,500,000 Public Offering of Ordinary Shares   •   Parks Canada shares final report from the Expert Advisory Panel on Moving People Sustainably in the Banff Bow Valley for Indigen   •   Weave Wins Dentaltown Townie Choice Award® for Best Patient Communication System   •   Birmingham, AL, dermatology practice supports local charity with their annual event   •   Apromore Announces Series B Funding by Salesforce and GBTEC   •   A New Study in the Proceedings of the National Academy of Sciences (PNAS) Demonstrates the Ability of a Novel Peptide to Selecti   •   Government of Canada announces two projects to prevent gender-based violence in British Columbia   •   Ontario Soccer scores big with BMO as new Premier Partner   •   Realizeit Wins 2022 Learning Technologies Award in the Corporate L&D Market   •   USA Freedom Act Security Policies Bundle 2022: New Mandates on How Corporations Collect, Process, and Store Data - ResearchAndMa   •   Call for Presentations Open for the 2023 DeviceTalks Boston Conference & Expo   •   Young Chefs® Academy Ramps Up Growth Plans with Multiple Signed Agreements   •   Communities In Schools Founder Bill Milliken Releases Revised Edition of 'The Last Dropout' Book   •   Government of Canada invests $25 Million in the new Jewish Community Centre of Greater Vancouver   •   Erica Daniels, Kejic Productions, Wins 2022 Pow Wow Pitch
Bookmark and Share

UnitedHealth Group Invests $4 Million In Asian Health Services


UnitedHealth Group Invests $4 Million in Asian Health Services to Enhance Health Care Access for Asian Americans in Alameda County

  • Investment is part of UnitedHealth Group’s 20-year, $200 million California Health Care Investment Program
  • Program helps health care organizations in California have access to capital

OAKLAND, Calif.----Asian Health Services, a community health center that offers comprehensive primary medical, behavioral health and dental care, received $4 million in capital to help the nonprofit clinic deliver quality health care services to immigrant and refugee Asian communities in the greater Alameda County area.

“The cost-savings will help us in our mission of providing quality health care to low-income and immigrant families. We thank UnitedHealth Group for helping us to continue meeting the vital health care needs of our communities.”

UnitedHealth Group (NYSE: UNH) purchased Asian Health Services’ tax-exempt revenue bonds through the California Health Care Investment Program, which gives California health care entities access to capital at rates that are highly competitive with those of conventional financing. Additionally, given the dollar size of the bond issue, Asian Health Services also qualified for a cost of issuance subsidy of $274,000, which covered nearly the entire amount of the organization’s bond issuance costs. The cost of issuance was subsidized by UnitedHealth Group’s Capital Access Small Issuance Program.

UnitedHealth Group’s California Health Care Investment Program is a 20-year, $200 million commitment to health care organizations that provide services to underserved, low-income and underinsured communities and populations throughout the Golden State.

Asian Health Services will use the proceeds from the bonds to refinance the clinic’s debt, allowing the center to save about $70,000 in its operating budget over the life of the loan. The clinic, founded in 1974 and located in Oakland’s Chinatown district, operates 36 exam rooms and seven dental chairs. The center’s mission is to provide quality health care to the medically underserved, including the immigrant and refugee Asian communities. The staff is fluent in English and nine Asian languages: Cantonese, Khmer, Korean, Lao, Mandarin, Mien, Mongolian, Tagalog and Vietnamese. Asian Health Services serves more than 20,000 patients and receives more than 90,000 patient visits each year.

“The bond refinancing with UnitedHealth Group yields important cost-savings for Asian Health Services,” said Sherry Hirota, CEO of Asian Health Services. “The cost-savings will help us in our mission of providing quality health care to low-income and immigrant families. We thank UnitedHealth Group for helping us to continue meeting the vital health care needs of our communities.”

“UnitedHealth Group is committed to investing in California’s health care infrastructure to help ensure that all Californians have access to quality care. We are pleased to be able to help Asian Health Services meet its community’s health care needs, and we believe it is essential that medically underserved residents in Alameda County continue to have this important health care resource in their community,” said Steve Nelson, CEO, Western Region of UnitedHealthcare.

UnitedHealth Group offers health benefits, including commercial and Medicare health plans, to more than 2.8 million Californians, and partners with about 50,000 physicians across the state.

About UnitedHealth Group

UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, OptumHealth, Ingenix, and Prescription Solutions. Through its family of businesses, UnitedHealth Group serves more than 70 million individuals nationwide.


Matthew Yi, 714-226-3842


Back to top
| Back to home page

White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News