The donation, from the Margie and Robert E. Petersen Foundation, will support the hospital’s cancer and blood disease institute, its vision center and inpatient rehabilitation services.
“This endowment expands the Petersen’s legacy of generosity by providing CHLA with a resource that will forever advance our mission to create hope and build healthier futures for children,” said Paul Viviano, president and CEO of Children’s Hospital Los Angeles. “I am so grateful for this gift that will support a wide range of initiatives, including research projects, technology upgrades, clinical care, key physician recruitment, capital projects, unreimbursed care and more.”
The foundation has supported several programs at the children’s hospital in the last few years, including giving $8.5 million to help open rehabilitation space in 2015.
More articles on healthcare finance:
CMS cuts payments to 786 hospitals over high rates of infection, injury
Payroll problems plague Tennessee hospital
Colorado hospitals to blame for state’s high healthcare costs, report says
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit