Children's Mercy Kansas City receives two record-breaking gifts totaling $150M

Children's Mercy Kansas City (Missouri) received two gifts totaling $150 million, representing the largest one-time gift donated to a children's hospital for pediatric research, to support the construction of the hospital's new research institute.

The gifts — $75 million from the Hall Family Foundation and $75 million from the Sunderland Foundation — will kick-start construction of the research institute and accelerate the recruitment of top researchers.

The new 375,000-square-foot, nine-story research institute will house nearly six times more space for pediatric research. In addition, once the institute is staffed, the hospital's research enterprise will grow tenfold.

"Thanks to the unparalleled generosity of the Hall and Sunderland families, our Children's Research Institute will allow us to accelerate even more precise diagnoses and treatments for complex childhood diseases, so we can provide groundbreaking care for the most difficult medical cases right here in Kansas City and around the globe," said Randall L. O'Donnell, PhD, President and CEO of Children's Mercy Kansas City. 

More articles on healthcare finance:
Idaho long-term care hospital to close, lay off 135 employees
Boca Raton Regional receives $35M from 3 families to support 7-story tower
Green Valley Hospital CEO: We will exit bankruptcy status by February

 

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months