What is ChapCare?
ChapCare, now integrated with AltaMed, operates as a prominent health care provider within the San Gabriel Valley. As part of AltaMed, the nation's largest independent federally qualified health center, ChapCare extends comprehensive and affordable health services to over 500,000 patients across Los Angeles and Orange counties. Their service portfolio encompasses primary care, women's health, dental services, senior care, and behavioral health, all aimed at enhancing community well-being through expanded access to quality medical attention.
How much funding has ChapCare raised?
ChapCare has raised a total of $5.3M across 2 funding rounds:
Debt
$2M
Grant
$3.3M
Debt (2020): $2M with participation from PPP
Grant (2021): $3.3M led by American Rescue Plan
Key Investors in ChapCare
PPP
Public-Private Partnership
American Rescue Plan
The 'American Rescue Plan' investor signifies direct funding or grants allocated through the U.S. government's economic stimulus legislation, aimed at providing financial relief and supporting critical sectors like healthcare during economic challenges.
What's next for ChapCare?
The recent major strategic investment signifies ChapCare's transition into a scaling phase, likely focused on expanding its operational footprint and enhancing its service delivery capabilities. This capital infusion is expected to fuel further development in community health initiatives and solidify its position as a key provider of accessible healthcare. Future endeavors will likely involve leveraging this strategic backing to deepen its impact across the San Gabriel Valley and potentially beyond, reinforcing its commitment to patient care and public health.
See full ChapCare company page
