Global competition for pediatrics business increases:
From today's New York Times
Hopes Soar after Record Hospital Gift of $400 Million
by Stephanie Strom
excerpt:
Now, T. Denny Sanford, a low-key billionaire who made his home and fortune here, will help sustain the state’s economic boom with a $400 million gift to the Sioux Valley Hospitals and Health System, the state’s largest employer. Hospital officials hope the gift — the largest ever to a hospital, according to the Center for Philanthropy at Indiana University — will help transform Sioux Valley Hospitals, which will change its name to Sanford Health, into a national institution that will eclipse Johns Hopkins and the Mayo Clinic.
“He told me he doesn’t want this to be just another Mayo,” said Kelby K. Krabbenhoft, Sioux Valley’s chief executive.
It has four stated goals: to build five pediatric clinics around the country; to expand research, especially in pediatrics; to build a health care campus with more than 20 separate facilities, and to identify a promising line of medical research and follow it to a cure, much the same way John D. Rockefeller’s money found a cure for yellow fever and Bill Gates is searching for a cure for H.I.V./AIDS.
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