Market Overview

ChenMed and Turner Impact Capital Expand Investments in New Dedicated Senior Medical Centers to Help Aging Floridians


Turner Healthcare Facilities Fund fuels vital growth for leading
primary care provider

ChenMed, a leading primary care provider, and Turner Impact Capital, one
of the nation's largest social impact investment firms, are expanding
their relationship by opening several new Dedicated Senior Medical
Centers in Florida this year. The new facilities will bring affordable,
concierge-style medical care to thousands of low- and moderate-income
Bradenton, Jacksonville and Tampa Bay seniors.

The rapid expansion of Dedicated centers builds on last year's
successful opening of a Dedicated Senior Medical Center in St.
Petersburg, Fla., developed by Turner Impact Capital's Turner Healthcare
Facilities Fund. Growth of that Dedicated practice has exceeded all
expectations – benefiting the community, ChenMed, and Turner Impact
Capital investors.

The ongoing partnership between ChenMed and Turner Impact Capital
enabled three Dedicated primary care practices to open doors to patients
on July 2 in Bradenton and Jacksonville. A fourth Dedicated center
developed independently also opened on July 2 in Jacksonville. Turner
Impact Capital investments will be instrumental in helping ChenMed
establish two additional Dedicated centers in Tampa Bay this fall.

Hundreds of seniors are expected to attend each of the following Grand
Opening celebrations:

  • Dedicated Bradenton (1505 53rd Avenue East) – July 26-27
  • Dedicated Jacksonville Westside (3059 Edgewood Avenue West) – August
  • Dedicated Jacksonville Northside (6841 Blanding Blvd.) – August 14-15
  • Dedicated Jacksonville Arlington (9422 Arlington Expressway) – August
    16-17 (Developed independently)

"We are delighted to be deepening our relationship with ChenMed, a
world-class healthcare provider that shares our mission of positive and
lasting social impact," said Bobby Turner, CEO of Turner Impact Capital.
"By connecting our financial, real estate and development expertise with
ChenMed's track record of sustainable clinical success, we can provide
best-in-class healthcare facilities that have a measurable impact on
improving health care access and outcomes for low-income seniors."

Dedicated and its parent company, ChenMed, honor seniors with affordable
VIP care that delivers better health. For more than 30 years, ChenMed
primary care physicians and specialist doctors have been earning the
trust needed to transform health outcomes for Medicare-eligible seniors.
The results are as impressive as they are scalable. ChenMed patients
have rates of Emergency Room visits that are 34 percent lower than the
national average among Medicare beneficiaries. ChenMed patients also
average 28 percent fewer in-patient hospital admissions and 25 percent
fewer in-patient days in the six states where the innovative medical
practice serves seniors.

"Our doctors are passionate about delivering VIP service, detecting and
managing high-risk diseases, and reducing hospital sick days," said
Christopher Chen, MD, CEO of ChenMed. "Thanks to Turner Impact Capital,
we keep accelerating the transformation of care of the neediest

The Turner Healthcare Facilities Fund is a pioneering social impact fund
with a focus on developing high-quality medical facilities for proven
healthcare providers in communities with underserved patient
populations. The fund will be positioned to invest up to $500 million in
healthcare facilities focused on primary care, transitional care,
ambulatory care and other specialties, while generating superior
risk-adjusted returns for investors.

About Dedicated & ChenMed

For seniors most in need of care, high-quality health care too often is
beyond reach. Dedicated Senior Medical Center – which currently operates
nine medical practices in Bradenton, Clearwater, Jacksonville, Lakeland,
Tampa, and St. Petersburg, Fla. – will, within months, further expand
its Tampa Bay presence and enter Philadelphia. Part of the ChenMed
family of companies, Dedicated brings concierge-style medicine – and
better health outcomes – to the neediest populations. The value-based
care provider serves seniors primarily with low-to-moderate incomes,
most managing multiple chronic conditions.

Dedicated's (ChenMed's) mission is to honor seniors with affordable VIP
care that delivers better health. To do that, Dedicated relies on
innovative technology and a talented, resourceful and compassionate team
of providers. Founded by Dr. James Chen, a Taiwanese immigrant and
cancer survivor, ChenMed operates more than 40 medical centers in
Florida, Georgia, Illinois, Louisiana, Kentucky, and Virginia.
Well-known ChenMed brands include Chen Senior Medical Center, Dedicated
Senior Medical Center, and JenCare Senior Medical Center. To learn more
about Dedicated Senior Medical Center and its locations, visit

About Turner Impact Capital

Dedicated to generating "profits with a purpose," Turner Impact Capital
is an acknowledged leader and innovator in the growing field of social
impact investing – an investment approach that takes into account two
goals: generating positive, risk-adjusted financial returns and creating
purposeful, measurable, and positive social and environmental impact
through those investments. Founded in 2014, the firm is on course to
surpass $3 billion in investment potential to address some of the most
pervasive social issues challenging urban neighborhoods, such as
healthcare, workforce housing and education, while delivering superior
risk-adjusted returns for its investors.

For more information about Turner Impact Capital and the Turner
Healthcare Facilities Fund, visit
or @turnerimpact on Twitter.

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