Providence will receive $1.1 billion — one of the largest gifts ever pledged to a U.S. healthcare institution — from Nike co-founder Phil Knight and his wife, Penny. The donation will allow the nonprofit health network to build Oregon’s first hospital focused on women’s health, increase support for cardiovascular services and improve patient care.
“Penny and I have always believed that real breakthroughs come from people willing to take on the toughest challenges,” Phil Knight said in a statement. “Providence has shown that kind of ambition in cardiovascular care, and we see the same opportunity to do something truly distinctive for women’s health.”
Oregon’s first hospital focused on women’s health will be built on the campus of Providence St. Vincent Medical Center in Portland. (Providence Illustration)
The funds are being directed to Portland’s Providence St. Vincent Medical Center and to Providence Heart Institute.
The new women’s hospital will be located on the campus of the medical center and provide care in specialties including gynecology, pregnancy, labor and delivery, menopause and cardiovascular care. Providence leaders note that many pregnant patients are also managing hypertension, diabetes, behavioral health and substance abuse, requiring more specialized services.
