The Help Group received $5,395,000 in capital that will support
development of its newest campus serving Los Angeles-area children,
adolescents and young adults with autism spectrum disorders.
UnitedHealth Group (NYSE:UNH) purchased The Help Group’s tax-exempt
revenue bonds through the California Health Care Investment Program,
which gives California health care entities access to capital at rates
that are highly competitive with those of conventional financing.
Additionally, given the dollar size of the project and bond issue, The
Help Group also qualified for a cost of issuance subsidy of $554,000,
which covered nearly the entire amount of the organization’s bond
issuance costs. The cost of issuance was subsidized by UnitedHealth
Group’s Capital Access Small Issuance Program.
UnitedHealth Group’s California Health Care Investment Program is a
20-year, $200 million commitment to health care organizations that
provide services to underserved, low-income and underinsured communities
and populations throughout the Golden State.
The Help Group will use the proceeds from the bonds to build a
30,000-square-foot, state-of-the-art complex located on 2 ¼ acres
adjacent to its headquarters. This complex will include a special
education and therapy center, autism research center, training center
for professionals and parents, and space for administrative, therapy,
mental health, psychiatric and counseling services.
Founded in 1975, The Help Group is the largest, most innovative and
comprehensive nonprofit of its kind in the United States serving
children with special needs related to autism, Asperger’s disorder,
learning disabilities, ADHD, mental retardation, abuse and emotional
problems.