Boca Raton Regional receives $35M from 3 families to support 7-story tower

Boca Raton (Fla.) Regional Hospital received a total of $35 million from three families to help support its $260 million expansion project, according to the South Florida Business Journal.

 

Christine Lynn, the chair of the hospital's board of trustees, pledged $15 million; Stanley Barry, the chairman of the hospital foundation, and his wife Marilyn Barry donated $10 million; and Richard Schmidt, the past chair of the board of trustees, and his wife Barbara Schmidt gifted $10 million. All three donors and their families have been long-time donors to the nonprofit facility.

"These donors are among our most cherished community partners and intimate members of the Boca Raton Regional family, who lead through their commitment of time and expertise, as well as philanthropy," BRRH President and CEO Jerry Fedele, told the South Florida Business Journal. "They set the pace for others to ensure outstanding, best-in-class healthcare in Boca Raton. We owe them a huge debt of gratitude."

The $260 million expansion project includes constructing a seven story, 278-square-foot patient tower, renovating its surgical suite and cardiovascular intensive care unit and adding more private patient rooms.

More articles on healthcare finance:
Idaho long-term care hospital to close, lay off 135 employees
Colorado hospitals now required to post prices: 3 things to know
6 recent hospital, health system outlook and credit rating actions

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months