What is PierceCare?
PierceCare is a faith-based, not-for-profit organization with a rich history dating back to 1951, originally established on land donated by Amasa and Edna Pierce. Initially serving elderly Baptists, PierceCare has evolved to provide a compassionate continuum of care and services for individuals of all faiths. Certified for Medicare and Medicaid, and licensed by the Connecticut Department of Health, the organization is a member of several key healthcare associations. PierceCare is dedicated to being a forward-thinking entity, continuously adapting to meet the evolving needs of older adults in Northeast Connecticut, while maintaining its core American Baptist Mission governed by a Board of Trustees.
How much funding has PierceCare raised?
PierceCare has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in PierceCare
PPP
Public-Private Partnership
What's next for PierceCare?
The recent major strategic investment signals a pivotal phase for PierceCare, likely enabling further expansion of its healthcare services and infrastructure. This capital infusion is expected to support the organization's mission to innovate and meet the future demands of elder care in Northeast Connecticut. As a long-standing institution, PierceCare's strategic financing will be crucial in maintaining its tradition of excellence and its commitment to providing high-quality, compassionate care across its continuum of services.
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