Why a Home Depot Fortune is Boosting a Philadelphia Hospital

The Marcus Foundation, the Atlanta-based behemoth founded by Bernard “Bernie” Marcus, co-founder of Home Depot and a Giving Pledge signatory, has deep pockets and isn’t afraid to use them.

The latest news from the funder is that it’s giving $14 million to the Thomas Jefferson University and Hospitals in Philadelphia to establish an “integrative satellite health center.” That will take the shape of a 14,000-square-foot facility, an outpost of sorts from the Myrna Brind Center-Villanova. The new facility, which is expected to open in the fall of 2015, will accommodate clinical experts, laboratories with advanced diagnostic capabilities, a state-of-the-art infusion center, and access to wellness programs and products. Services available will include holistic primary care, executive health, nutrient infusion programs, novel testing procedures, acupuncture, and other complementary therapies that have a “high likelihood of making an impact.”

The grant also will enable the center to purchase a PET-MR (Positron Emission Tomography-Magnetic Resonance) machine, which combines an MRI with molecular imaging to give radiation-free images that precisely align a patient’s anatomy and metabolic activity. There it is—were you waiting for it?—the neuroscience angle that’s practically a prerequisite for Marcus to be interested in making a health grant. Earlier this year, it gave $10 million to establish a center for neuroscience at Atlanta’s Grady Health System, and before that, it put up $15 million to support the first two years of a trial at Duke Medical exploring whether umbilical cord blood could be used to treat autism, cerebral palsy, and stroke.

Related - The Marcus Foundation’s $30M Hospital Gift Fits With Its Neuroscience Interests

"At Jefferson, we are committed to reimagining health care, education, and discovery to create unparalleled value," said Thomas Jefferson University and Jefferson Health System president and CEO Stephen K. Klasko, MD. "Thanks to the generosity and vision of Bernie Marcus and the Marcus Foundation, this new integrative health center will bring the best of all worlds — integrative, global, and traditional health — to patients in the greater Philadelphia area and beyond." 

Related - This Home Depot Co-Founder is Funding Out-there Brain Science