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

  • What to discuss during the first retirement planning meeting
  • Inflation, competing priorities and uncertainty erode retirement security
  • As health premiums rise, 1 in 8 workers cut retirement savings
  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
More Advisor News

Annuity News

  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity News

Health/Employee Benefits News

  • Open enrollment for 2027 health coverage starts Nov. 1; 69% of Connect for Health Colorado customers are likely to qualify for financial help
  • Iowa governor releases Medicaid Fraud Elimination Task Force recommendations
  • OVERVIEW OF RURAL HOSPITALS IN CALIFORNIA
  • PROTECT YOURSELF AND YOUR LOVED ONES THIS HOLIDAY SEASON WITH VACCINATIONS
  • Les Rubin: What does 'free' Democratic Socialism really cost?
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Insignia Life S.A. de C.V.
  • FINANCIAL FRAUD
  • Security Benefit Announces Planned Dividend Rate Reset for Series B Preferred Stock
  • Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
  • Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
Sponsor
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
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.