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

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.