Billionaire CEO donates $25M to Nicklaus Children's Hospital

Miami-based Nicklaus Children's Hospital has received a $25 million gift from Kenneth Griffin, founder and CEO of investment firm Citadel.

The donation, which is one of the largest in the hospital's 72-year history, will be used to develop a five-story, 127,000-square-foot surgical tower opening in 2024. The tower will be named the Kenneth C. Griffin Surgical Tower in recognition of the donation.

Mr. Griffin's donation will also help fund Nicklaus Children's four major institutes advancing pediatric care related to the brain, cancer and blood disorders, the heart, and orthopedics. The hedge fund manager and entrepreneur has a net worth of about $29.4 billion, according to Bloomberg.

"This transformational gift will change the future of pediatric care for generations to come and ensure that doctors, nurses and specialists have the latest technological advances at their fingertips to treat the children we serve," Matthew Love, president and CEO of Nicklaus Children's Health System, said in a Jan. 31 news release. 

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