For the first time, the federal government is using a funding mechanism to support a public health program.
Health Minister Jane Philpott says a Social Impact Bond is being used to make the $4 million investment in the community hypertension prevention initiative.
The program is designed to help seniors in Ontario and British Columbia manage high blood pressure.
Philpott says Canadians in their 60s or older will have access to health coaches, online tracking tools and referrals to community resources.
In Social Impact Bonds, investors provide up-front capital to run a project while a government pays to keep it running once specific goals are met.