The Boston Globe

Business

Eastern Bank provides $15m in financing to Caring Health Center

Eastern Bank, a Boston-based bank with $8 billion in assets and roughly 90 branch offices, said it has provided $15 million of New Markets Tax Credit financing to facilitate Caring Health Center’s acquisition of a new building that will double the existing space of the Springfield health center.

Caring Health Center seeks to provide health care to those who are challenged by social-economic, linguistic, and cultural barriers. Since opening in 1995, it has grown from a staff of four to 150 employees.

Also participating in the deal were Massachusetts Housing Investment Corp., Building America, the Life Initiative, and the Health Resources and Services Administration.

Chris Reidy can be reached at reidy@globe.com.