UnitedHealth Group Inc. is helping a California health clinic organization by investing in the organization’s bonds.
UnitedHealth, Minnetonka, Minn. (NYSE:UNH), invested $3.4 million in bonds issued by Salud Para La Gente, Watsonville, Calif., through the company’s California Health Care Investment Program.
Salud Para La Gente operates in clinics in California public schools.
UnitedHealth provided $300,000 to help Salud Para La Gente cover the cost of issuing the bonds. Salud Para La Gente will use the proceeds to expand its facilities and buy equipment.
In other insurance philanthropy news, Humana Inc., Louisville, Ky. (NYSE:HUM), is offering a $100,000 grant to Cincinnati charities through the Humana Communities Benefit program.