Issue link: https://beckershealthcare.uberflip.com/i/922733
17 CFO / FINANCE 17. $21 million to Chicago Biomedi- cal Consortium Donor: Searle Funds (Searle family). e fam- ily sold their pharmaceutical company, G.D. Searle & Company, to Monsanto in 1985. Details: e pledge will support joint medical research at Evanston, Ill.-based Northwestern University, University of Illinois at Chicago and University of Chicago. 17. $21 million to Marin General Hos- pital (Greenbrae, Calif.) Donor: Bruce Braden. Mr. Braden is the founder of F2 Oilfield Services and NEOK Energy. Details: Marin General Hospital will use the gi to construct a new medical campus with several new buildings. 17. $21 million to University of Penn- sylvania, Basser Research Center for BRCA (Philadelphia) Donor: Jon and Mindy Gray. Mr. Gray over- sees real estate at Blackstone, a global invest- ment firm. Details: e donation will advance research, clinical trials and educational outreach for patients with hereditary cancers. 20. $20 million to Rehabilitation In- stitute of Chicago Donor: Lester and Renèe Crown. Mr. Crown is the president of investment firm Henry Crown and Company and the chairman of the Material Service Corp., which is a stone, sand and gravel company. Details: e gi will go toward maintaining the Renèe Crown Center for Spinal Cord In- novation. 20. $20 million to Association for Frontotemporal Degeneration (Rad- nor, Pa.) Donor: David Geffen. Mr. Geffen co-founded DreamWorks Studio and was also the found- er of Geffen Records. Details: e gi will advance research on de- mentia for people under 60-years-old. 20. $20 million to Providence Little Company of Mary Medical Center (Torrance, Calif.) Donor: Priscilla and Donald Hunt. Mr. Hunt was the president of a real estate com- pany, Hunt Enterprises. He passed away in February 2017. Details: e medical center will use the gi to renovate its cardiovascular facilities and technology. 20. $20 million to Sutter Health (Sac- ramento, Calif.) Donor: Mike and Judy Gaulke. Mr. Gaulke is the chairman of Exponent, an engineering and scientific consulting firm. Details: e gi will establish the Michael and Judith Gaulke Innovation Hatchery En- dowment Fund. 20. $20 million to the Massachusetts Eye and Ear Infirmary (Boston) Donor: Remained anonymous. Details: e donation will support research programs at its laboratories. 25. $15 million to Northwestern Uni- versity (Evanston, Ill.) Donor: John and Laura Potocsnak. Mr. Po- tocsnak is the CEO of Corrugated Supplies Co., which manufactures cardboard. Details: e donation will establish a bio- medical research center, which will focus on cancer, heart disease, neurodegenerative dis- orders and genetics at Northwestern's Fein- berg School of Medicine in Chicago. n Northwestern Memorial HealthCare's Net Income Climbs 37% By Morgan Haefner C hicago-based Northwestern Memorial HealthCare saw op- erating and net income increase in fiscal year 2017, as pa- tient revenue grew and expenses were kept in check. Northwestern Memorial HealthCare's revenue increased 10.8 per- cent in the year ended Aug. 31, 2017, to $4.8 billion, according to recently released financial documents. This is compared to $4.4 billion in fiscal year 2016. The incline was largely attributable to patient revenue growth of 12.1 percent year over year to $4.7 bil- lion in 2017. The health system did post growing expenses, although they did not outpace revenue. Northwestern Memorial HealthCare report- ed expenses of $4.5 billion in fiscal year 2017, up 9.9 percent from $4.1 billion reported in fiscal year 2016. The system saw supplies costs rise 15.4 percent year over year and employee benefits in- crease less than 1 percent. The system achieved an operating income of $301.2 million in fis- cal year 2017, up 25.8 percent from fiscal year 2016. After factoring in a boost in nonoperating income, Northwestern Memorial HealthCare's net income grew 37 percent to $983.6 mil- lion in fiscal year 2017, up from $718.2 million in the year prior. n Why the CVS-Aetna Deal Could Push Walmart to Buy Humana By Ayla Ellison C VS Health has inked a definitive merger agreement to acquire all outstanding shares of Aetna for roughly $69 billion in cash and stock, and the deal may lead other healthcare in- dustry players to join forces. Ana Gupte, PhD, a senior healthcare services an- alyst at Leerink Partners, told CNBC she could see Walmart and health insurer Humana joining forces to compete in the shifting healthcare landscape. "Humana and Walmart have been in a very tight relationship for six, seven years," she said, and Humana members already receive deals on prescription copays at Walmart pharmacies. In- creasing competition and the threats posed by CVS' deal with Aetna may be enough to push Walmart to consider buying Humana, according to the report. Anthem, Cigna and Walgreens may also be among the healthcare companies interested in striking a deal, according to Dr. Gupte. n