Memorial Hermann receives record-breaking $25M gift from Houston billionaires

Houston-based Memorial Hermann-Texas Medical Center, the primary teaching hospital for Houston-based UT Health, received the largest gift in its history Tuesday: $25 million from Houston billionaires Fayez and Susan Sarofim, reports the Houston Chronicle.

The donation will go toward a $650 million expansion and renovation project at the teaching hospital. The expansion includes a 17-story patient tower, which will be named the Susan and Fayez Sarofim Pavilion to honor the donors. The tower will house a trauma institute, a comprehensive center for burns and a new helipad for the system's flight-for-life aircrafts.

This is not the first time Mr. Sarofim donated to the Texas Medical Center. In 2006, he donated $25 million to UT Health to establish a research building.

"The Sarofims are just incredibly generous, both individually and as a couple," Memorial Hermann Foundation CEO Anne Neeson said, according to the Houston Chronicle. "They understand how important the trauma services are to our region."

Mr. Sarofim, 89, is the chairman and co-chief investment officer of Fayez Sarofim & Co, a money management firm.

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars