PECO and RockCreek announced that the Racial Equity Capital Fund, funded by Exelon, and the United Bank of Philadelphia have decided to invest $250,000 in Aging & Diverse Home Healthcare Services, a Germantown-based Black woman-owned home healthcare provider.
The investment is one of the fund’s first deployments of capital. It will support Aging & Diverse’s efforts to assist senior and disabled individuals and help them continue living in their own homes while receiving around-the-clock healthcare.
Aging & Diverse Home Healthcare Services was established in 1998 by Theresa Williams and Patricia McKinley. The pair combined their respective expertise in nursing and finance to offer services that assist people with independent living.
“Much like PECO, we’ve created a business model that provides essential services around the clock, so we’re always there for those in our community when and where they need us most,” said Williams. “We’re incredibly grateful to have been selected as recipients of this funding, and we look forward to using it to further fuel our mission in meeting client needs.”
While the agency so far provided non-skilled services, this funding will allow it to obtain certifications to offer skilled nursing care.