PACE Organization of Rhode Island is a non-profit health plan targeting adults aged 55 and above who seek to receive care for complex or chronic health issues while staying at home. Founded in 2005, PACE-RI offers a comprehensive range of services including insurance, medical care, adult day care, transportation, and meals across four locations in East Providence, Woonsocket, Westerly, and Newport. The organization's integrated approach to well-being has proved beneficial, keeping medically complex participants out of nursing homes for an average of four additional years compared to those living independently. Recently, at 02 December 2020, PACE-RI secured a $275.00K grant investment from The Champlin Foundation. This reinforces its commitment to revolutionize healthcare for the elderly and solidify its position as an impactful player in the healthcare industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $275.00K | 1 | The Champlin Foundation | 02 Dec 2020 |
Grant | $25.00K | 1 | Rhode Island Foundation | 27 Aug 2020 |
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