SAN FRANCISCO—The founder of Salesforce.com has donated $100 million to the children's hospital at the University of California at San Francisco. Marc Benioff, who is also chairman and CEO of the San Francisco-based computing company, made the record donation with his wife, Lynne, who gave birth to their daughter more than two years ago at the hospital. The gift will help fund the construction of a new children's hospital at the UCSF Medical Center at Mission Bay campus near downtown San Francisco. The 183-bed hospital will be part of a complex that will also house women's health and cancer care. Totaling 289 beds, the project is expected to break ground this year and be completed in 2014. UCSF has raised $320 million for the $600 million capital campaign so far. In honor of the donation, UCSF is renaming its children's facility to the UCSF Benioff Children's Hospital. The name will apply to the current facility and the future one. “The Benioffs' extraordinary generosity will have a direct impact on the many thousands of young patients cared for at UCSF Benioff Children's Hospital each year,” said Mark Laret, CEO of UCSF Medical Center and UCSF Benioff Children's Hospital, in a written statement. “UCSF and the Benioffs share a commitment to performing at the very highest level, and we look forward to realizing our joint vision of creating the world's most advanced children's hospital at Mission Bay.”
Regionals: UCSF Medical Center receives $100 million for new children's hospital and more news ...
RIVERSIDE, Calif.—Parkview Community Hospital Medical Center, Riverside, said it was able to refinance $27 million owed to Prime Healthcare Services, Ontario, Calif. In December 2009, Prime bought a revolving credit line and term loan extended to the 193-bed hospital by Textron Financial Corp., a subsidiary of Textron, Providence, R.I. Although Parkview missed no payments and had paid off $4 million in principal ahead of time, Prime issued Parkview a notice of technical default on the credit facilities and set a foreclosure sale date of July 6, according to David Hershorin, a lawyer representing Parkview. While Parkview contends that the foreclosure was not legal, the hospital decided it was better to refinance the facilities rather than pay for a protracted legal battle, Hershorin wrote in an e-mail. The new lenders include health insurance plans and medical staff members, as well as private institutional lenders, according to Parkview. A Prime spokesman had not responded to requests for comment by deadline.
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