How Much Did QueensCare Raise?
Funding & Key Investors

QueensCare Health Centers, a cornerstone of the Los Angeles public health infrastructure, has successfully secured significant capital to bolster its mission of providing equitable medical services. The organization has reached a cumulative financial milestone of $7.2M, underscored by a recent strategic investment of $5.2M. This influx of resources arrives at a critical juncture for the non-profit, enabling the expansion of primary and preventative care initiatives across its five specialized facilities serving low-income populations.

What is QueensCare?

QueensCare
Hospitals & Physicians ClinicsPhysicians Clinics

Established in 1897 by the Franciscan Sisters of Sacred Heart, QueensCare operates as a 501(c)(3) federally qualified health center. The organization maintains a robust market position by delivering comprehensive healthcare services regardless of a patient's ability to pay. By focusing on the underserved demographics of Los Angeles, QueensCare functions as a vital safety net, bridging the gap between community health needs and accessible medical intervention. Their operational model emphasizes long-term sustainability through a blend of philanthropic support and government-backed financing, ensuring that preventative care remains a priority for the region's most vulnerable residents.

How much funding has QueensCare raised?

QueensCare has raised a total of $7.2M across 2 funding rounds:

2020

Debt

$2M

2021

Grant

$5.2M

Debt (2020): $2M with participation from PPP

Grant (2021): $5.2M led by American Rescue Plan

Key Investors in QueensCare

American Rescue Plan

A federal legislative initiative providing critical economic relief and public health funding to support community health centers during national emergencies.

PPP

Public-Private Partnership

What's next for QueensCare?

With the recent infusion of capital, QueensCare is positioned to scale its operational capacity and modernize its service delivery framework. The strategic allocation of these funds will likely focus on enhancing diagnostic capabilities and increasing patient throughput at its five health centers. As the organization navigates the complexities of the post-pandemic healthcare landscape, the focus remains on maintaining high-quality standards while expanding outreach programs. Future growth will be defined by the ability to leverage this financial backing to secure long-term institutional partnerships and further integrate digital health solutions into their traditional care models, ensuring the legacy of the Franciscan Sisters continues to meet modern public health demands.

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Frequently Asked Questions Regarding QueensCare Financial Insights

What are the most recent funding rounds that QueensCare has completed, and what were the funding rounds?
QueensCare has recently completed 2 funding rounds: Grant on Apr 1, 2021, Debt on Apr 15, 2020.
What is the total amount of funding QueensCare has raised to date?
QueensCare has raised a total of $7.2M in funding to date.
How many funding rounds has QueensCare completed?
QueensCare has completed 2 funding rounds.
How much funding did QueensCare raise in its most recent funding round?
QueensCare raised $5.2M in its most recent funding round.
Who are the lead investors in QueensCare's latest funding round?
The lead investor in QueensCare's latest funding round was American Rescue Plan. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in QueensCare's history?
The largest funding round in QueensCare's history was $5.2M.
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