The Turner Healthcare Facilities Fund will invest in and develop affordable community health centers in underserved urban areas in the U.S.
The fund is focused on lower-cost preventative care provided by primary care clinics and ambulatory surgery centers. It also targets the growing need for affordable senior care, as the U.S.’s over-65 population grows from 40 million today to 73 million by 2030.
Unlike other Turner funds, there’s as yet no celebrity face for this new fund. The fund’s first investments will be new facilities in Florida for Dedicated Senior Medical Centers, a primary and specialty care provider, which is opening its first center in a former 13,000 square-foot retail space in St. Petersburg, Fla.