KANSAS CITY, Mo.-A couple who survived prostate and breast cancers have pledged hundreds of millions of dollars for research devoted to those diseases. James E. Stowers, 70, and his wife, Virginia, 64, formed a new research institute with $50 million and said they'd bequeath much of their remaining fortune to the institute when they die. Mr. and Mrs. Stowers are the majority owners of the money management firm Twentieth Century Cos. SmartMoney magazine has estimated their net worth at $650 million. The institute will take over the current building of Menorah Medical Center in Kansas City, Mo., when the hospital moves to a new site in 1997.
SHIPROCK, N.M.-Construction is continuing and new staff will soon be hired for the $51.5 million Northern Navajo Medical Center, set to open in January 1995. The 75-bed Indian Health Services hospital is a replacement for 50-bed Shiprock Indian Hospital. The hospital attracted congressional and media attention earlier in the year when Congress rejected a $23 million request to staff the additional 25 beds and other services in the new hospital. It was the first time the federal government had refused to fully staff a new Indian hospital. Lawmakers reversed themselves, however, approving funding for the additional beds and services before adjourning last month. Northern Navajo Medical Center is three times larger than the 35-year-old Shiprock facility and will serve 45,000 Navajo and Ute Indians in Arizona, Colorado, New Mexico and Utah.
HOUSTON-Durham Medical Associates, a 16-physician multispecialty group practice, has filed for Chapter 11 bankruptcy reorganization. The clinic is one of the city's oldest group practices. Terry Goss, the group's executive director, said a reorganization plan will be filed soon in U.S. Bankruptcy Court in Houston and that it will restructure the group to take capitated contracts in the future. The group had taken only limited capitation. The clinic's building is owned by Healthcare Realty Trust, a Nashville, Tenn.-based real estate investment trust. Mr. Goss said the clinic is continuing to make payments to the REIT, which paid $7.9 million for the building.
OKLAHOMA CITY-The 60-bed Jim Thorpe Rehabilitation Hospital opened this month on the campus of Southwest Medical Center. The $6 million hospital was named for the legendary Mr. Thorpe, an Oklahoma native who won five Olympic gold medals and played professional football and baseball. The 60,000-square-foot facility is owned by Oklahoma Health System, which includes Southwest Medical Center and Baptist Medical Center in Oklahoma City. Baptist consolidated its inpatient rehabilitation unit into the new Thorpe hospital but will maintain an outpatient program at its facility.