MedStar Georgetown hospital gets record-breaking $10M gift

MedStar Georgetown University Hospital received a record-breaking $10 million gift to support the building of a medical and surgical pavilion, the Washington, D.C.-based hospital said March 3. 

Advertisement

The gift, from Georgetown philanthropists Shelley and Allan Holt, is the largest ever received by MedStar Georgetown.

The gift will help MedStar equip the new pavilion with the latest technology to assist surgeons with planning and performing complex procedures, improve care for patients and create new training opportunities.

The 477,213-square-foot pavilion is slated for completion in 2023. It will house 156 private patient rooms, a rooftop helipad, 31 operating rooms and 32 exam rooms.

More articles on healthcare finance:
379 rare diseases cost healthcare $966B per year: study
‘It will take several years to fully recover’: Sutter to begin sweeping review of finances
CMS boosts funding for ACA sign-ups

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.