Judy Faulkner, the billionaire chief executive of health-records firm Epic Systems, tells Modern Healthcare magazine that she will leave much of her stake in the company to a specially created foundation. While the value of Ms. Faulkner's share in the privately held firm is not known, Forbes estimates her net worth at $2.8 billion.
"Nearly every share of stock that I own will be in there," Ms. Faulkner said of the foundation, which will operate and fund nonprofits working in health care and other areas. She said the bequest, to take effect after her death, will also serve her goal of keeping Epic Systems in private hands. Ms. Faulkner founded the Verona, Wisc.-based vendor of electronic health-data systems in 1979 and maintains a controlling interest in the company.