New York health system receives $50M donation

The family foundation of billionaire real estate developer and casino owner Steve Wynn has donated $50 million to Utica, N.Y.-based Mohawk Valley Health System, according to the Observer-Dispatch.

Advertisement

The donation, the largest the health system has ever received, will be used for equipment and to expand services at a hospital the system is building in Utica. The new hospital will be named The Wynn Hospital, and it is expected to open in the fall of 2023. 

Mr. Wynn grew up in Utica, and his father operated a bingo parlor across the street from where the new hospital is being built, according to syracuse.com

More articles on healthcare finance:
How CHS, HCA, Tenet and UHS fared in Q4
Private equity pushes into healthcare: 7 latest deals
Tennessee hospital abruptly closes

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.