Apicha Receives PCDC Financing to Renovate Health Center

Categories: Investment

New York, N.Y. – The Primary Care Development Corporation (PCDC) and Apicha Community Health Center (Apicha) announced that they have closed on financing to support the renovation of Apicha’s Downtown Manhattan health center. The project, valued at $2.2 million, will expand clinical services and improve patients’ access to affordable medications.

Apicha is a Federally Qualified Health Center that has historically cared for people of Asian or Pacific Island descent, people with HIV/AIDS, and people who identify as LGBT. Over the past few years, Apicha has sought to deepen its relationship to and draw more patients from its immediate geography, in particular Chinatown and the Lower East Side of Manhattan. The renovation, including a new, more visible entrance, is expected to support this goal by increasing its clinical capacity by 30%, to reach 16,700 visits by 2021.

“This renovation is very important to us and the patients we strive to care for,” said Therese Rodriguez, CEO of Apicha. “We are grateful to PCDC for seeing our vision of providing quality, affordable health care to more of the residents of lower Manhattan and more of the city’s LGBT community and people living with HIV/AIDS. Helping us add more exam rooms makes that vision a reality.”

“PCDC is proud to be able to once again support Apicha,” said Anne Dyjak, PCDC Managing Director. “Apicha draws patients from great distances across the city who recognize and value the organization’s compassionate and culturally competent care. This expansion project will help the center better serve those existing patients while strengthening its relationships in the local community.”

The financial support for the project includes a $1.6 million loan from PCDC and a $160,000 grant from the New York City Council. PCDC provided a prior loan to Apicha in July 2014 to recapitalize the organization, which helped to pave the way for this project.