Crescent Growth Capital, LLC
Structuring project financing to incorporate tax credit equity.
  • About Us
  • Your Project
  • Our Process
  • Our People
  • Past Projects
  • Home
  • Our Locations
  • Contact Us
  • News/Blog
Browse: Home / 2015 / December / 10 / Terry Reilly Health Services

Terry Reilly Health Services

By Crescent Growth Capital on December 10, 2015

New-Clinic-thumbnail-locations-page-resize

Nampa, ID

Forty-two years ago, Terry Reilly and his wife Rosie Delgadillo Reilly arranged with Dr. Clarence McIntyre for voluntary medical services for the migrant farm workers’ children who were being tutored at their home on Nampa’s north side. The experience helped to open the eyes of many local, regional, and national leaders to the plight of the large medically underserved population in the Treasure Valley area.  Federal Public Health Services grant resources and strong local advocacy enabled the Reilly’s to found Community Health Clinics, Inc. as a vehicle to provide healthcare services to those who need it most. Today, the Federally-Qualified Health Center operates under the dba Terry Reilly Health Services (“TRHS”), and operates with the Mission of providing affordable, comprehensive health care to everyone, especially those facing barriers elsewhere, such as the uninsured, migrant and seasonal farm workers, and the homeless.

Despite the fact that 60% of TRHS’ patients are at or below the poverty level, just 28% are on Medicare/Medicaid, a discrepancy indicative of a State with one of the most poorly-ranked Medicaid programs in the nation.  Nearly two-thirds of the 11,000 patients TRHS serves annually have no health insurance at all, presenting a significant fiscal challenge for the non-profit FQHC.  Despite this apparent imbalance between services provided and service revenue received, TRHS has continued to grow both its patient encounters and its range of services.

In late-2014, Terry Reilly Health Services engaged Crescent Growth Capital to facilitate a NMTC financing that would provide the necessary working capital to allow the Federally-Qualified Health Center (“FQHC”) to provide an ever-expanding range of health services to Idaho’s most indigent populations.  In December, 2015, TRHS and Crescent closed on a $6,000,000 NMTC facility, with allocation provided by Hampton Roads Ventures, and new markets tax credit investment provided by Capital One.  The working capital facility will provide the FQHC with some much-needed operating capital to continue to serve the people of Nampa, Boise, and beyond.

 

 

Posted in Past Projects | Tagged CDEs, Federally-Qualified Health Center, Healthcare/Wellness, Idaho, New Markets Tax Credits, Non-profits, Tax Credit Equity, Tax Credit Investors

« Previous Next »

Categories

  • General
  • News Articles
  • Past Projects
  • Press Releases

Warning: Invalid argument supplied for foreach() in /home/cresce8/public_html/wp-content/themes/hybrid/library/classes/widget-tags.php on line 85

Adaptive Re-use Alabama State NMTC CDEs Community Development Block Grants Cultural Economy Dallas Education Enterprise Zone Federal Historic Tax Credits Federally-Qualified Health Center Federal NMTCs Florida Fresh Foods GO Zone Healthcare/Wellness Historic Preservation Historic Rehabilitation Idaho Illinois State NMTCs Kansas Live Performance Tax Credits Logistics/Warehousing/Transport Louisiana Cultural Districts Louisiana State NMTC Manufacturing Medically-Underserved Area Nebraska Nebraska State NMTC Nevada New Markets Tax Credits New Orleans Non-profits North Carolina Oklahoma Post-Katrina Recovery Project Sponsors Public-Private Partnerships San Antonio Social Services State Historic Tax Credits State New Markets Tax Credits Tax Credit Equity Tax Credit Investors Tulsa USDA Food Desert

Resources

  • Community Development Financial Institutions Fund
  • Louisiana State Division of Historic Preservation
  • National Trust for Historic Preservation
  • New Markets Tax Credit Coalition

Archives

  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008

New Orleans Office
201 St. Charles Avenue
Suite 4205
New Orleans, LA 70170
(504) 378-3470

Dallas Office
13355 Noel Road
Suite 1100
Dallas, TX 75240
(214) 746-5065

Copyright © 2023 Crescent Growth Capital, LLC. Web Design