Sanford Health, formerly Sioux Valley Hospitals & Health Systems, said it will receive $400 million over eight years from philanthropist T. Denny Sanford, chairman and chief executive officer of United National Corp., Sioux Falls, S.D. The gift, the largest single healthcare donation recorded by Indiana Universitys Center on Philanthropy, will fund a 20-building expansion of Sanford Healths Sioux Falls campus and finance five pediatric clinics across the U.S.
The donation will also back expansion of five existing research initiatives, create a sixth in pediatric health, and target a highly promising area for focused medical research by using funds to convene experts and attract federal research grants. The Sioux Falls-based system, which owns and manages 23 hospitals in four states, adopted the philanthropists name, effective Feb. 3.
Sanford previously donated at least $51 million to the system, including $20 million for expansion through the University of South Dakota School of Medicine, $15 million for a joint pediatric initiative with the Mayo Clinic, Rochester, Minn., and the systems planned Sanford Childrens Hospital, to which the businessman donated $16 million. Construction on the 62-bed childrens hospital is expected to finish in 2009 and cost roughly $52 million. -- by Melanie Evans