This is a paid press release. Contact the press release distributor directly with any inquiries.
Covista and the Covista Foundation Commit $10 Million and 50,000 Volunteer Hours to Build and Sustain the Healthcare Workforce
Business Wire
Mon, July 13, 2026 at 6:00 PM GMT+5:30
8 min read
- CVSA
-0.32%
New grants and partnerships target the full career continuum—from students exploring healthcare to clinicians at risk of leaving it
Covista Foundation launches innovative emergency grants program to help students during moments of crisis
Foundation expands its Board of Directors to accelerate impact across communities
CHICAGO, July 13, 2026–(BUSINESS WIRE)–Covista (NYSE: CVSA), America’s largest healthcare educator, today announced the first major milestone in Covista Open Doors—its multi-year impact commitment to build and sustain the healthcare workforce. Through complementary investments by Covista and the Covista Foundation, an independent 501(c)(3) public charity, the organizations will direct $10 million and 50,000 volunteer hours over the next five years. The investments advance a structured, three-part strategy focused on: inspiring the next generation of healthcare professionals through career exploration programs and community partnerships; removing barriers for students through scholarships and emergency grants; supporting the mental health and wellbeing of healthcare workers through evidence-based programs that address burnout and promote career longevity.
America’s healthcare workforce shortage has become a patient care crisis. The U.S. faces a projected shortage of more than 100,0001 registered nurses and 140,000 physicians2 by 2038, nearly 100,000 mental health counselors and psychologists by 20303 and the mental health burden on clinicians is accelerating the timeline. According to the Covista Care Capacity Monitor, fielded by Gallup, 61% of clinicians say lowering workplace stress and improving mental health and wellbeing should be a top employer priority, second only to adequate staffing. Even clinicians satisfied with their employers are leaving; 17% of primary care physicians and 14% of registered nurses say they are at least somewhat likely to leave the profession within the next 12 months.
“The healthcare workforce shortage is one of the most urgent challenges facing this country, and as America’s largest healthcare educator, we have both the scale and the responsibility to help tackle it,” said Steve Beard, chairman and CEO. “Solving this requires investment across the full continuum, from the student who hasn’t yet chosen healthcare to the clinicians already on the front lines who are burning out and walking away, taking decades of expertise with them.”
Inspiring the Next Generation of Healthcare Professionals
Young people are not choosing healthcare careers at the rate America needs them to and Covista is working to change that. Through a new partnership with NAF, a national leader in career-connected education that expands access to real-world learning opportunities for high school students, Covista will initially support four NAF Academies of Health Sciences over three years in Washington, D.C., Dallas, TX, Raleigh, NC, and Los Angeles, CA. Covista colleagues will serve as industry advisors and activate work-based learning opportunities that connect students directly to healthcare professionals and real-world career experiences building the awareness and aspiration that set young people on a path to healthcare careers.
