The foundation will provide a one-to-one match, up to $25 million, to help the Seton Fund raise $50 million for a 211-bed hospital under construction in downtown Austin. To be known as the Dell Seton Medical Center at the University of Texas when it opens in 2017, the new teaching hospital also will serve as a Level 1 trauma center for adults. The grant comes two years after the Dell family foundation announced a $50 million grant to help build the University of Texas’ Dell Medical School, whose research facilities, classroom buildings, and faculty offices surround the new hospital.
"Since 2003, the foundation's central Texas health investments have centered on creating and supporting the elements necessary to provide 'best in class' care for local families," said Susan Dell, co-founder and board chair of the Michael & Susan Dell Foundation. "We want to promote health, not just treat diseases. Our goal always has been to invest in the future of care for the entire community."