The American Samoa Venture Fund (ASVF) is investing $300,000.00 into the territory’s first private dialysis clinic, Hope Dialysis Center.
The ASVF is an investment fund that manages money from the territory’s State Small Business Credit Initiative (SSBCI) allocation, which was funded and administered by the U.S. Department of Treasury.
Hope Dialysis Center aspires to improve health care services for the territory, rendering aid for the rising number of renal dialysis patients.
HDC co-founder and managing director Chris Fisher said, “Hope Dialysis Center will benefit the community greatly by saving lives, creating jobs, and bringing additional revenues into American Samoa.
“We expect to see 50 patients per year at the onset and we expect 20% growth year after year. We will bring federal funds via Medicare into the community that will allow to us hire more medical employees like nurses and orderlies. In addition, we will work with LBJ to provide enhanced medical services for the people of American Samoa.”
On December 5, Director of Commerce Fuiavailili Keniseli Lafaele presented the ASVF check to Mr. Fisher, thanking him for his efforts to improve health care services in the Territory and for supporting the development of the private health care industry.
He said, “This is a great opportunity for the ASVF to invest in a business that will provide essential health services for our people, create good jobs, and bring in new money to support our economy.”
The DOC director also hopes “This will encourage other private health care practitioners and entrepreneurs to bring viable business projects to the table so that the ASVF and other investors may have an opportunity to support their effort
“The ASVF investment was only one part of the financing strategy for HDC; they had to raise at least another $300,000 via private investors and I congratulate them on their efforts.”
The Hope Dialysis Center is currently advertising job openings on their website at www.hopedialysiscenter.com and their facility is located in Iliili.
HDC aims to open its doors in early February 2019.
