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MetroHealth receives $1-million Bank of America grant for campus transformation

November 28, 2018

MetroHealth receives $1-million Bank of America grant for campus transformation

CLEVELAND, Ohio – The MetroHealth System announced Wednesday that it received a $1 million grant for its campus transformation project from the Bank of America Charitable Foundation, the first lead corporate donor for the hospital system’s five-year, $100 million fundraising effort.

The grant is part of MetroHealth’s capital campaign, “For All of Us,” launched earlier this year to help defray the cost of the hospital system’s $946-million transformation project. So far, the campaign has raised about $40 million. MetroHealth leaders expect to reach the $50 million mark by the end of next year.

“We are honored to have Bank of America as a key partner as we continue to achieve and increase our health services that will make MetroHealth and Northeast Ohio a more formidable force in the future,” Brian M. O’Neill, chair of the MetroHealth Foundation board of directors, said in a prepared statement.

Bank of America representatives present a $1 million donation to The MetroHealth System during a MetroHealth board meeting Wednesday, Nov. 28. (Courtesy of MetroHealth)

The transformation project involves expanding the health care system’s services, as well as erecting a new 11-story, 270-bed hospital on the site of MetroHealth’s existing main campus building, which will be demolished. Construction on the tower started this year and is expected to be done by 2022.

MetroHealth recently finished building a 1,500-space employee parking garage on the campus, off West 25th Street in Cleveland, and will move on to the next phase of that project – demolishing an existing garage – in December.

“We’re incredibly proud to provide an anchor grant in support of MetroHealth’s impressive community revitalization transformation project,” Jeneen Marziani, Ohio market president at Bank of America, said in a prepared statement.

MetroHealth last year issued $946 million in hospital revenue bonds to finance expansion-related projects.

“We’re very excited about this partnership and working with you guys very closely,” Marziani said during a MetroHealth board meeting Wednesday.

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