Philanthropist gives $20M to San Antonio hospital

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Associated Press

Posted on April 27, 2013 at 12:32 PM

SAN ANTONIO (AP) — A billionaire philanthropist has given $20 million toward the construction of a children's hospital in San Antonio.

The San Antonio Express-News reports (http://bit.ly/14h7VNU ) Friday that the foundation established by Christopher "Kit" Goldsbury gave the largest gift in the 144-year history of the Christus Santa Rosa Health System. The system is converting a downtown health facility into the Children's Hospital of San Antonio. The project has a price tag of $135 million.

Officials say the donation will be used to build a two-story lobby and entrance, among other uses.

Goldsbury's donation comes as Christus contends with growing competition from other systems that are expanding children's health care services.

Goldsbury amassed his fortune when he sold Pace Foods Ltd. to Campbell Soup Co. in 1994 for $1.12 billion.

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Information from: San Antonio Express-News, http://www.mysanantonio.com

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