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January 21, 2016

$75 Million Donation Boosts Newborn Care at N.Y. Hospital

The foundation of hedge-fund mogul Steven Cohen and his wife, Alexandra Cohen, has given NewYork-Presbyterian Hospital $75 million to establish a unit dedicated to the care of new mothers and infants, Crain's New York Business writes.

Scheduled to open in late 2020, the Alexandra & Steven Cohen Hospital for Women and Newborns will occupy six floors of the David Koch Center, which NewYork-Presbyterian is building on Manhattan's Upper East Side, and will be the city's first maternal and neonatal care facility with an operating room and MRI capabilities, the hospital said. The gift is part of a $2 billion capital campaign the hospital launched in 2013 with a $100-million contribution from Mr. Koch.