By ADRIAN SAINZ Associated Press
MEMPHIS, Tenn. (AP) — St. Jude Children’s Research Hospital is increasing its investment by $1.4 billion for a strategic plan that includes programs that advance the study and treatment of pediatric cancer and other catastrophic diseases, the hospital said. on Wednesday.
The additional funding is part of a six-year expansion plan that was launched last year, and will increase the six-year capital and operating budget to $12.9 billion, the Memphis, Tennessee-based hospital said in an email. a press release.
The new funds will affect scientific operations, clinical care, global medicine and infrastructure. The number of new jobs will increase from 1,400 to 2,300, while funding for construction, renovation and capital needs will increase from $1.9 billion to $2.3 billion, the hospital said.
As part of the expansion plan, further investments will be seen in areas including structural biology, advanced microscopy, information sciences, global childhood cancer care, and collaborative projects involving St. Jude and scientists from the US and the world, the hospital said.
Additional funds will also be used on construction projects including Domino’s Village, a 140-unit housing facility; Family Commons, a treatment-free zone for patients and their families to rest and enjoy; and two 15-story towers dedicated to patient care and clinical research, St. Jude said.
St. Jude is considered a leading researcher into cancer and other life-threatening diseases affecting children, and a leading charity: families with children who are hospital patients never receive a bill from St. Jude for treatment, travel, food and accommodation. . Most of St. Jude’s funding comes from private donors.
The plan, which began in July 2021, marks the hospital’s largest strategic expansion in its 60-year history, hospital officials said.
“The heart of the plan, accelerating progress globally, remains the same,” said Dr. James R. Downing, president and chief executive officer of St. Jude. “This expansion ensures employees have ample resources and bandwidth to accomplish that important goal.”
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