|[May 07, 2012]
Stanford Launches $1 Billion Campaign to Advance New Era in Medicine Locally, Nationally and Globally
STANFORD, Calif. --(Business Wire)--
Stanford University President John Hennessy today announced the launch
of a campaign to transform health care at a local, national and global
level. The $1 billion Campaign for Stanford Medicine will make
investments in medical research and teaching, build a new Stanford
hospital and accelerate the translation of new medical knowledge into
leading-edge, coordinated patient care.
The medical center is already halfway to its goal, with $500 million in
pledges and expectancies from individuals and corporate donors.
The Campaign for Stanford Medicine will help fund the construction of a
new hospital on the current Palo Alto (News - Alert) site, combining the most
innovative technologies with amenities to create a healing environment.
The new hospital, which will replace aging facilities and bring the
medical center up to state seismic standards, will be designed around
four patient care pavilions.
Among the early supporters, three fundamental partners made gifts of $50
million each to ensure the successful launch of the Campaign for
Stanford Medicine and the construction of the new Stanford Hospital.
These gifts are from Tashia and John Morgridge, Anne and Robert Bass,
and the Redlich family. For their support, the Morgridges and the
Redlich family will each name a patient care pavilion.
In addition, seven companies have committed $175 million for the project
through the Stanford Hospital Corporate Partners initiative. These
include founding members Apple (News - Alert), eBay, Hewlett-Packard, Intel, Intuit and
Oracle, as well as NVIDIA, which joined the group in April.
"Providing the most advanced health care possible to people - locally,
nationally and globally - will be one of the great challenges of this
century," Hennessy said. "The Campaign for Stanford Medicine draws upon
our particular strengths - the proximity of the university to its
hospitals and clinics - to focus on this issue and better serve the
public. It will allow us to seek solutions to some of medicine's most
daunting problems, and it will begin in our own community with the new
Stanford Hospital. With the early support of visionary and generous
partners, and others who will join us in this venture, we will realize a
new, transformative model of health care."
The new hospital, on which construction began in late 2011, will
incorporate advanced technologies, such as state-of-the-art imaging
equipment and new "hybrid" interventional platforms equipped for a
variety of procedures, including surgeries and catheterizations. These
flexible spaces will eliminate the need for separate patient prep and
recovery areas for each type of procedure, and are expected to reduce
infection risks and improve outcomes.
The hospital, a level-1 trauma center, also will increase its space for
treating major traumatic injuries and offer greatly expanded emergency
services for the community, with 59 treatment bays for patients. All
patient rooms in the new hospital will be private and will be surrounded
by gardens and views of the foothills. Designed by renowned architect
Rafael Viñoly, the project encompasses 823,000 quare feet of new
construction and is scheduled to open in 2018.
The commitment from John and Tashia Morgridge emerged from the couple's
longstanding connections to Stanford. John Morgridge, former CEO of San
Jose, Calif.-based Cisco (News - Alert) Systems, received his MBA at the university and
teaches at the Graduate School of Business. He has been a university
trustee and is a member of the board of directors of Stanford Hospital.
Tashia Morgridge, a retired special-education teacher, author and
co-founder of the TOSA Foundation (a private foundation focusing on
education), was a member of the board of directors of Lucile Packard
Children's Hospital and was a 2003 recipient of Stanford's Outstanding
Achievement Award for her volunteer service to the community.
Once a patient at Stanford Hospital, John Morgridge said he began to
realize the quality of the hospital's infrastructure, which originated
in 1959, did not match the high quality of its care. He also envisioned
the medical center's enormous potential to lead the way in health care,
with its unique research talents and its ties to Silicon Valley.
"It is a combination of the unique capabilities of the valley, combined
with the unique, broad capabilities of Stanford and a very strong
medical research and teaching and translational hospital," he said. "You
need all of those if you're going to take on the global issue of health
care, and I think this is an opportunity to do that."
Christopher Redlich, a 1972 Stanford graduate, said he and his family
chose to support the hospital because he has come to see it as the ideal
vehicle for his vision of a transformed health-care system. Redlich is
the former chair of Marine Terminals Corp., which has interests in
ports, marine terminals, stevedoring, warehousing, industrial
maintenance, leasing, insurance underwriting and software development.
After he retired in 2007, he said he began searching for an area of
interest and settled on medicine.
He met Mariann Byerwalter, chair of the hospital's board of directors,
who introduced him to the people and programs at the medical center,
which left him greatly impressed. He began to imagine a system of
seamless care, provided in a comfortable, welcoming environment.
Just as he streamlined the shipping business while maintaining excellent
customer service, Redlich said he sees the hospital as leading the way
in transforming health-care delivery and reducing health-care costs
while offering new technological solutions to medical problems.
"I've made my gift to the new Stanford Hospital because it is the first
link in a very long chain of events that will lead to the improvement of
medicine in this country," Redlich said. "By putting this hospital in
this location, in this university, we will be able to attract the best
people, we'll be able to provide the best medical services, and we'll be
able to adjust and adapt as medicine changes throughout time."
Robert Bass received a Stanford MBA in 1974, and Anne Bass received a
master's of liberal arts from Stanford in 2007. The couple has been
deeply involved with Stanford for decades. Robert Bass has served as
member and former chair of the Stanford Board of Trustees and as a
director of the Stanford Management Company. He is president of Keystone
Group LP, founder of the Oak Hill family of investment funds, and
chairman of the Aerion Corp. Anne Bass has served on the board of
directors for Packard Children's Hospital and the Lucile Packard
Foundation for Children's Health. She is a nationally recognized civic
volunteer, known for her dedication to children's issues, education,
historic preservation and land use.
While a major portion of the campaign - $700 million - will support the
new hospital, the remaining $300 million will fund a number of important
initiatives in the School of Medicine that will transform the delivery
of care and advance innovation and discovery.
Among the major gifts for research is a new $10 million commitment from
the Canary Foundation for research to improve early detection of cancer.
The nonprofit, founded and chaired by Donald Listwin, has committed $28
million to date to the School of Medicine for new diagnostics and
molecular imaging tools to locate and confirm the presence of tumors.
The campaign funds also will support efforts to revamp medical education
while enhancing other graduate education programs in the biomedical
The campaign co-chairs are John Levin (AM '70, JD '73); Mariann
Byerwalter (AB '82); John (AB '59, LLB '63) and Jill Freidenrich; and
Ron (AB '80) and Karen Johnson (News - Alert).
A parallel fundraising campaign, "Breaking New Ground," continues to
support the child health programs of the School of Medicine and a
transformative expansion of Lucile Packard Children's Hospital. The
children's hospital eventually will double in size, adding 150 private
patient rooms and new family-friendly surgical, diagnostic and treatment
areas. Campaign funds also will be applied to training the next
generation of pediatric leaders and discovering new cures for childhood
The Stanford University School of Medicine consistently ranks among
the nation's top medical schools, integrating research, medical
education, patient care and community service. For more news about the
school, please visit http://mednews.stanford.edu.
The medical school is part of Stanford Medicine, which includes Stanford
Hospital & Clinics and Lucile Packard Children's Hospital. For
information about all three, please visit http://stanfordmedicine.org/about/news.html.
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