The University Health Network in Toronto has announced a gift of C$100 million ($81.57 million) from the Peter and Melanie Munk Charitable Foundation, increasing the foundation's support of the Peter Munk Cardiac Centre.
The gift, which boosts the Munks' support of UHN and PMCC to more than C$175 million since 1993, will be used primarily to develop a data-driven digital cardiovascular health platform that reduces costs, advances medical research, and improves the outcomes of patients with cardiac and vascular disease. The gift will be used to address a series of goals centered on the creation of a digital cardiovascular health program, combining data-driven technology, artificial intelligence, and machine learning to redefine how patients with cardiovascular disease are diagnosed, treated, and managed.
"This historic gift will enable the PMCC to continue to lead the future of cardiovascular care globally, and through our partnership with the Vector Institute will further advance Toronto's and Canada's leadership in the field of artificial intelligence," said UHN president and CEO Peter Pistersof. "This gift represents the largest commitment to a Canadian hospital in our country's 150-year history and builds on Peter and Melanie's extraordinary legacy of philanthropy."
"This gift reflects my enormous gratitude to Canada, to Ontario, and to the talented and dedicated staff at the Peter Munk Cardiac Centre," said Munk, founder and chair of the Barrick Gold mining company. "I arrived in this country in 1949 with practically nothing, yet Canada welcomed me with open arms and gave me the opportunity to succeed."