What is OHI?
Founded in 1980 and headquartered in Bangor, Maine, OHI operates as a public nonprofit entity. Its core mission revolves around delivering essential support services to individuals facing intellectual disabilities, autism, and mental illness. The organization plays a crucial role in its community by offering a range of programs designed to enhance the quality of life and independence for its clients. The recent enterprise-level funding suggests a strategic focus on expanding its operational capacity or enhancing its service offerings.
How much funding has OHI raised?
OHI has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in OHI
PPP
Public-Private Partnership
What's next for OHI?
The substantial enterprise-level funding, coupled with the recent strategic investment, positions OHI for potential growth and enhanced service delivery. As a nonprofit, this capital likely supports the expansion of its programs, technological advancements in service provision, or increased outreach to underserved populations within its service area. The debt financing indicates a calculated approach to capital acquisition, possibly to fund specific projects or infrastructure improvements that will bolster its long-term sustainability and impact in supporting individuals with complex needs.
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