Delta Dental Community Care Foundation Pledges Additional $6 Million to Fund Health Clinics Serving Low-Income Patients Impacted by COVID-19
SAN FRANCISCO — Delta Dental of California, which offers comprehensive oral health care coverage to more than 36 million enrollees, today announced it is establishing a $200 million loan program to provide economic assistance and post-COVID-19 pandemic relief for its independent provider network across 15 U.S. states and the District of Columbia. As part of this aid, Delta Dental’s co-sponsored loan program will include interest subsidies, principal deferment and enable providers to refinance other business loans and get working capital. Details of the program will be made available the week of April 20.
“We are committed to identifying effective and sustainable relief options for providers experiencing the economic impacts of the COVID-19 pandemic,” said Mike Castro, president and chief executive officer of Delta Dental of California. “The loan program is just one of the ways we intend to offer support. We are also deeply focused on looking ahead to address the post-pandemic recovery, which we believe will pose equally difficult challenges.”
Delta Dental also announced that in addition to its recent pledge of $5 million through the Delta Dental Community Care Foundation for communities impacted by COVID-19, the Foundation will commit a further $6 million in funding — $11 million in total — to support a variety of response activities for underserved and at-risk populations.
Castro added, “Delta Dental is only as strong as its employees, customers, partners and communities, and we are dedicated to playing a meaningful role in the nationwide recovery from this crisis.”