The Marcus Foundation Awards Grady Health System $30 Million

Press release from the issuing company

Tuesday, September 30th, 2014

The Marcus Foundation has awarded Grady Health System $30 million to help fund the expansion of the Grady Emergency Department and The Marcus Stroke and Neuroscience Center. $20 million will go towards the construction of Grady's new $76 million Emergency Center. $10 million will be used to renovate existing hospital space to establish a multi-disciplinary outpatient center, expanding the scope of the Marcus Stroke and Neuroscience Center.

"This incredibly generous gift brings the Marcus Foundation's total investment in Grady to $50 million since 2009. The state-of-the-art Marcus Stroke and Neuroscience Center and the Marcus Trauma Center have saved thousands of lives. This new funding will allow Grady to enhance its role as the state's leading provider of emergency care and make our outpatient neurology services among the best in the nation," said Grady President and CEO John Haupert.

"Our continued support is a testament to our firm belief that Grady is essential to the health and well-being of not just Atlanta and the metro area, but the entire state of Georgia. By helping to create and expand its nationally and internationally renowned emergency and stroke services, The Marcus Foundation is making an investment that we believe will make Grady the national standard of emergency care," said Bernie Marcus, Marcus Foundation Chairman.

"We are extremely grateful to The Marcus Foundation for their generosity and their confidence in Grady's future.  Their investments inGrady have been instrumental to our transformation and serves as an endorsement of Grady's enormous and unique value to our community," said A.D. "Pete" Correll, chairman of the Grady Memorial Hospital Corporation Board of Directors.

By designing and building a facility that demonstrates world-class care, Grady and its partners at the Emory and Morehouse schools of medicine strengthen their ability to competitively recruit and retain the best and brightest physicians, researchers and medical staff. With a state-of-the-art emergency center that facilitates innovation and supports rapid assessment and triage, Grady has the potential to become a national model for emergency care.

Work on the Emergency Department expansion and redesign began in March 2014 and is expected to be completed in 2016. The Marcus Foundation gift will be combined with $50 million in other philanthropic donations to fund the project. A start date has not been set for the Marcus Stroke and Neuroscience Center expansion.