Amancio Ortega Foundation Pledges $344 Million to Spanish Hospitals

The Amancio Ortega Foundation in Arteixo, Spain, has announced a €320 million ($344 million) commitment to provide the latest technology in breast cancer screening and treatment for use in public hospitals across the country.

The new commitment will expand the foundation's existing program in Galicia and Andalusia to public healthcare systems across Spain and enable the purchase of two hundred and ninety pieces of screening and radiotherapy equipment. According to the foundation, two hundred thousand new cancer cases are diagnosed annually in Spain. Incorporating digital mammography with tomosynthesis or advanced linear accelerators will enable more precise diagnoses and more effective, less aggressive, and faster treatments.

Established in 2001 by Amancio Ortega Gaona, the foundation holds a 60 percent stake in Inditex, the global fashion retailer Ortega created with his wife, who died in 2013. Ortega is the richest man in Europe, according to Forbes, and the fourth richest in the world. The €320 million is the largest commitment to date for the foundation, which awarded a total of €24 million ($25.8 million) in 2015. In addition to purchasing breast cancer screening and radiotherapy equipment for hospitals in Ortega's home region of Galicia and Andalusia, the foundation has supported scholarships for students to study abroad and the building of early-learning centers in Galicia.