— The Maryland Medical Group said Tuesday it raised $20 million to help pediatric medical groups across the state, with a focus on children’s health care.
The money will be used to provide healthcare for at least 15,000 children with serious medical conditions in Maryland and its surrounding areas.
“Maryland is a great place to work for our state and a great country to live in,” said John G. Bowers, MDCHAMS CEO and president.
“We know we are a great state for our families and we know we have a great pediatric healthcare system, and that’s why we’re here.
We want to help families and their doctors and hospitals to succeed.
The MDCHams Medical Group is committed to helping Maryland families and our state’s physicians and hospitals achieve the best health outcomes possible.”
MDCHAPS $20MM contribution was made through a special equity investment program that is a way to raise capital to help pay for the investment, Bowers said.
The MDCHamms Medical Group, a Maryland nonprofit that provides primary care and family medicine, will receive $5 million of the $20.6 million contribution, with the remainder to be split equally between the MDCHAS and MDCHMES.
“It’s going to be a great partnership and I can’t wait to see where the rest of it goes,” Bowers added.
Bowers and MDCHABS CEO John E. Mancini said MDCHABS will be able to better serve families and provide healthcare to the children who need it most.
“I can’t tell you how proud we are of the people that have donated and the work that we’re doing,” Mancinis said.
“MDCHAMMS has a lot of work to do, but we are going to make it work.
I’m proud to be part of this incredible group of families, doctors, nurses, administrators and administrators who are working together to make MDCHAINS work.”
MDCHAES was formed in the fall of 2018 to help MDCH AMM and MDCAHS to offer high quality, quality care to children with severe medical conditions.
MCAHS is a state-run nonprofit medical care system with more than 1.3 million employees.