Loop Capital Commits $1 Million to University of Chicago Medicine's Community Health Workers Program
Loop Capital Commits $1 Million to University of Chicago Medicine's Community Health Workers Program
October 9, 2015
Loop Capital has pledged $1 million to launch the University of Chicago Medicine's Community Health Workers Program (CHW). Created in response to healthcare disparities present on the South Side of Chicago, CHW aims to enhance access to high-quality healthcare services within South Side communities.
Through initiatives such as a proposed Pediatric Asthma and Adult Diabetes pilot for the Englewood and West Englewood neighborhoods, CHW plans to address healthcare issues and illnesses, which affect a considerable number of South Side residents.
Within the past 25 years, nearly one dozen South Side hospitals have permanently closed their doors. This trend has left the nearly 800,000 residents who live in these communities without an adequate number of effective healthcare facilities to aid in decreasing chronic healthcare issues and improving residents' health status and lifespan. In addition to other University of Chicago Medicine programs, which have already increased the number of nurses, physicians and other trained health care professionals throughout these communities, CHW will assist individuals in adopting healthy behaviors and self-managing health conditions.
This mission is one that particularly resonates with Loop Capital's Chairman and CEO, Jim Reynolds, an Englewood native and staunch advocate for giving back to the community.
"Having been born and raised on the South Side of Chicago, the wellbeing of its residents is a matter that is very important to me," says Reynolds. "The health issues that plague this community can be mitigated or avoided altogether through education and timely treatment. Loop Capital is proud to partner with the University of Chicago Medicine, one of the best medical institutions in the world, in order to effect change within this community and we hope that our contribution makes a difference in the lives of many."
"Addressing health disparities requires coordinated, community-based strategies," said Brenda Battle, RN, BSN, MBA, Vice President for Care Delivery Innovation and Chief Diversity and Inclusion Officer at the University of Chicago Medicine. "There's strong evidence that specially-trained com-munity health workers can be highly effective frontline providers of health education, counseling and social support leading to improved health out-comes. Proper integration of healthcare workers into a medical delivery system is a significant undertaking. We're tremendously grateful to have Loop Capital's support in this important effort."
Its pledge to CHW is a continuance of Loop Capital's commitment to supporting and advocating for organizations that positively affect the lives of those underserved and underprivileged. Last year, the investment banking, brokerage and advisory firm committed $1 million to Get IN Chicago, whose mission is to provide solvency and support to programs that have been proven to reduce violence in neighborhoods stricken by poverty and brutality. Through its many philanthropic efforts, Loop Capital upholds its commitment to do its part in improving the lives of its community members.
About Loop Capital
Founded in 1997, Loop Capital is an investment bank, brokerage and advisory firm that provides creative capital markets solutions for corporate, governmental and institutional entities across the globe. Loop Capital Markets and its affiliates serve clients in corporate and public finance, financial advisory services, taxable, tax-exempt and global equity securities sales and trading, transition management and analytical services.
Headquartered in Chicago, the firm has 21 additional offices located in Atlanta, Baltimore, Charlotte, Cleveland, Dallas, Denver, Detroit, Hartford, Houston, Indianapolis, Los Angeles, Miami, New Orleans, New York, Newark, Oakland, Pensacola, Philadelphia, San Francisco, Washington, D.C. and West Palm Beach.
Loop Capital(r) is a registered trademark of Loop Capital Holdings, LLC. Securities and investment banking services are offered through Loop Capital Markets LLC. Loop Capital Markets LLC is a registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board (MSRB) and the Securities Investor Protection Corporation (SIPC).