Northwell Health seeks to raise $530M for capital improvements, initiatives

New Hyde Park, N.Y.-based Northwell Health seeks to raise about $530 million for improvements and initiatives, Newsday reported.

The system wants to raise the money over the next five years for such improvements as the expansion North Shore University Hospital and Southside Hospital, according to the report. It would also use the money to establish initiatives in Manhattan and Long Island.

Brian Lally, the system's senior vice president and chief development officer, told Newsday Northwell has raised $460 million since the system's inception of a $1 billion fundraising campaign in 2016. The $530 million campaign is part of that overall fundraising effort.

The $460 million was used for improvements and new buildings, including the $46 million Imbert Cancer Center, which opened in 2016 in Bay Shore, N.Y., according to the report.

As part of the new $530 million fundraising goal, Northwell Health plans to build a surgical pavilion in Manhasset, and a five-story employee parking garage and a pavilion for private patient rooms in Bay Shore, Newsday reported. It also hopes to add an operating suite at Cohen Children's Medical Center in New Hyde Park.

 

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