ProMedica and LISC set $45M partnership - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 18, 2018 Newswires
Share
Share
Post
Email

ProMedica and LISC set $45M partnership

Toledo Business Journal

ProMedica, a Toledo-based integrated health system, and Local Initiatives Support Corporation (LISC), a national social enterprise, have a new alliance to mobilize tens of millions of dollars for underinvested communities-starting with a $45 million effort to scale up economic opportunity and improve health outcomes in Toledo and the surrounding region over the next decade.

The two organizations will concentrate capital and on-theground technical support to address social determinants of health and improve overall quality of life. Notably, the partnership will leverage funds for a major initiative announced last year called the Ebeid Neighborhood Promise (ENP), which is revitalizing Toledo's UpTown community, where - according to the partners - more than half of the residents live in poverty and 30% are unemployed.

According to officials, new investments and grants will focus on helping families grow employment skills and boost incomes and education. The goal is to improve community safety, finance healthy homes and vibrant businesses, and ensure communities have quality greenspace and jobs. It is a model that can be replicated in communities across the country.

"Healthcare has traditionally invested heavily in high-tech clinical care and stateof-the-art facilities, yet we underinvest in programs to improve socioeconomic factors. This is despite scientific evidence of how these factors greatly influence a person's health status," said Randy Oostra, ProMedica president and CEO. "For several years now, ProMedica has been devoting more resources to address social needs. Now through this partnership with LISC, we will maximize the impact of our efforts, starting in UpTown, and demonstrate the power of partnering with other sectors to accomplish a shared goal."

According to ProMedica, it has been screening and studying the impact of social needs on the health of its patients, finding that financial strain, employment, behavioral health, and access to healthy food are among the most critical indicators. As an anchor institution, it also serves as a catalyst for community collaboration and economic development, including er suring that area neighborhoods thrive.

"Your zip code should not determine your prospects in life," said Maurice Jones, president and CEO of LISC, a national community development organization that has invested more than $19 billion to spur economic opportunity in struggling areas. "But, right now. your community is the single largest predictor of how well and how long you will live. We have to focus on social, economic, and health challenges - all in the same place at the same time - if we want to g:ve families the best chance possible to thrive."

The partnership includes a $2C million pool of grants, half from each organization, that will be deployed over 10 years for community programs and services. I: also includes a new $25 million loan fund that will finance development projects that would not otherwise move forward Of the tota' lending pool, ProMedica is investing $10 m ilion and LISC is investing $15 million.

Importantly, according to officials, the partners will work with health researchers to develop a new framework for evaluating how these kinds of community investments i mpact health - integrating data on financial, educational, and clinical outcomes to identify what works.

"We are taking a data-driven approach that will demonstrate exactly how we're making a difference," said Kate Sommerfeld, ProMedica president of social determinants of health. "Our end goal is to develop a national model and best practices that we can replicate across ProMedica's region and share with other health systems."

According to officials, the investment effort builds on the partners' long-time commitment to these issues.

According to ProMedica, which operates in 28 counties in Ohio and Michigan, it has emerged as a national leader on social determinants, demonstrating how health institutions can leverage their expertise and resources to advance key goals.

For 40 years, LISC has been investing in thousands of urban and rural communities across the country, including $150 million in Toledo anee 1989. In late 2017, LISC announced it would deploy an anticipated $10 billion in national investments over the next decade in ways that are specifically designed to upend health disparities, as well as raise overall standards of living. The partnership with ProMedica is the first national collaboration des_gned to support LISC's expanded health focus, noted officials.

"Healthcare institutions can wield remarkable influence over social determinants, not just by :he care they provide but by the data they have on place-based health challenges," Jones said. "When we connect their talent and their resources to the expertise of community developers, we have an opportunity to drive changes that help people live better - literally adding years to their life. That's incredibly powerful."

To move forward, LISC and ProMedica will begin working with community partners and stakeholders in UpTown to engage residents. An operations team based at UpTown's ProMedica Ebeid Institute will focus on expanding job-training opportunities for residents and onboarding additional community health workers, financial coaches, and jobs coaches, who will provide free services to the community.

Older

Investors pour nearly 2M into Lancaster tech firm

Newer

Soot to spotless: Walton library reopens after furnace fire prompts extensive cleaning

Advisor News

  • The overlooked retirement security risk that must be addressed
  • What advisors should know about hedge funds in retirement planning
  • Retirement control is top success measure for middle class, ACLI says
  • Industry groups applaud House passage of Financial Exploitation Prevention Act
  • Younger workers more likely to be eligible for a retirement plan after changing jobs
More Advisor News

Annuity News

  • Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
  • Why job boards are failing insurance agencies
  • MassMutual Ranks No. 100 on the 2026 Fortune 500® List
  • What’s fueling record annuity growth?
  • Jackson Named InvestmentNews 2026 Annuities Provider of the Year
More Annuity News

Health/Employee Benefits News

  • Former city DPW director wants opportunity to 'defend my actions' in light of separation agreement
  • CDPHP, MVP Health Care among insurers seeking rate increases
  • How health insurers get a free pass to deny coverage from a 52‑year‑old law meant to protect worker pensions
  • Reports from Capital One AG Describe Recent Advances in Managed Care (Factors Affecting Medical Appointment Adherence among Adolescents and Young Adults with Kidney Disease: A Longitudinal Cohort Study): Managed Care
  • Studies from University of Alabama Further Understanding of Neurology (Understanding stroke caregiving in rural contexts: a qualitative study of family caregivers’ cultural values, coping behaviors, and technology use): Health and Medicine – Neurology
More Health/Employee Benefits News

Life Insurance News

  • NAIFA praises House committee approval of Clarity for Compensation Act
  • PHL Variable liquidation pushed out to 2027, Connecticut regulators say
  • ‘Recession-Proof’ Insurance Is Trending. Safety Net or Scam?
  • Winged Keel Group Expands National Presence and PPLI Leadership, Welcomes SBSI, Inc. (dba NFP Insurance Solutions)
  • MassMutual Ranks No. 100 on the 2026 Fortune 500® List
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

A MYGA for Clients Hesitant to Commit to One Long-Term Rate
First-year certainty. Annual rate updates. Get the CurrentRate® MYGA Sales Kit.

Elite Networking & Insights Await at the Event of the Year
The industry's premier conference for leaders driving what’s next in financial services.

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet