Lehman Brothers’ Generosity Drives a "Children's Hospital Within a Hospital"

$1 million gift will go toward children’s pavilion as part of HSS Pediatric Project

NEW YORK, N.Y.—June 8, 2007 

Hospital for Special Surgery announced the receipt of a $1 million commitment from global finance leader Lehman Brothers at its 24th Annual Tribute Dinner at the World Financial Center Winter Garden.  This contribution is part of the Hospital’s new campaign Building on Success, the Campaign for the future of Hospital for Special Surgery, whose goal is to raise $100 million by 2010.  To date, Hospital for Special Surgery has raised more than $50 million toward this goal.

The Hospital will use this gift to create the Lehman Brothers Pediatric Reception Center, which will be located within the newly planned Children’s Pavilion at Hospital for Special Surgery.   

“This remarkably generous grant will help in the development of one of the world’s most respected centers for orthopedic and rheumatological care,” said Aldo Papone, co-chairman of Hospital for Special Surgery’s board of trustees.  “Thanks to Lehman Brothers, this modern facility will provide surroundings uniquely designed to meet the special needs of children and their families.” 

"Lehman Brothers is proud to support Hospital for Special Surgery's efforts to provide world-class healthcare services in a child-friendly environment,” said Richard S. Fuld, Jr., Chairman and CEO of Lehman Brothers.  “Helping create a warm, welcoming space for the patients and families served by the Hospital's pediatric wing is consistent with our philanthropic efforts in support of children around the world." 

Louis A. Shapiro, President and CEO of Hospital for Special Surgery, added, “This tremendous outpouring of support will allow our hospital to provide the very best for children with rheumatological and orthopedic conditions in a setting conducive to healing.   Coupled with the finest physicians, nurses, rehabilitation and other hospital staff, Special Surgery will continue to offer the complete package for those who need our highly-specialized care.” 

The new Children’s Pavilion will be a “children’s hospital within a hospital” that provides young patients and their families a health-care experience that stimulates recovery.

About Hospital for Special Surgery
Founded in 1863, Hospital for Special Surgery (HSS) is a world leader in orthopedics, rheumatology and rehabilitation. HSS is nationally ranked No. 1 in orthopedics, No. 3 in rheumatology by U.S. News & World Report (2007), and has received Magnet Recognition for Excellence in Nursing Service from the American Nurses Credentialing Center. In the 2006 edition of HealthGrades' Hospital Quality in America Study, HSS received five-star ratings for clinical excellence in its specialties. A member of the NewYork-Presbyterian Healthcare System and an affiliate of Weill Medical College of Cornell University, HSS provides orthopedic and rheumatologic patient care at NewYork-Presbyterian Hospital at New York Weill Cornell Medical Center. All Hospital for Special Surgery medical staff are on the faculty of Weill Medical College of Cornell University. The hospital's research division is internationally recognized as a leader in the investigation of musculoskeletal and autoimmune diseases. Hospital for Special Surgery is located in New York City and online at www.hss.edu.

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