HP will give $25 million to Lucile Packard Children's Hospital over the next decade, as well as develop a research initiative to improve patient safety and care, the Palo Alto tech company announced Monday (May 2) in a press release.
"HP's generous commitment will bring tremendous resources to bear on the future of children's healthcare," Christopher Dawes, president and chief executive officer of Packard Children's Hospital, stated in the release.
The majority of the funding will support the planned $1 billion expansion of the hospital, which will add 100 beds and increase access to state-of-the art treatments.
HP researchers are also working in collaboration with the hospital to investigate patient safety and quality of care, and use data-driven analysis and bioinformatics tools from HP Labs to improve patient experience, according to the release. Previous collaborations have resulted in advances in genome sequencing, personalized cancer treatment and the development of a computerized
"Our partnership with HP has already succeeded in translating research discoveries into more effective clinical care, and we are thrilled to have their investment as we build new facilities to provide for future generations of children and expectant mothers," Dawes said.