Hospital exceeds $16M fundraising goal
A local hospital said its campaign to raise $16 million in support of a major expansion and renovation project has exceeded its goal.
Mary Free Bed Rehabilitation Hospital in Grand Rapids said yesterday that it has raised $17 million through its Join the Movement campaign.
The campaign supports the hospital’s $66.4-million expansion and renovation project that has been underway since 2013.
To reach its overall goal, Mary Free Bed received a $16-million lead gift from the Mary Free Bed Guild, which is the hospital’s governing body, $6 million from Trinity Senior Living Communities, a sub-acute rehabilitation program joint venture located on the fifth floor of the hospital’s main building, and $16 million in private sector philanthropic support.
The hospital itself committed $28.4 million.
Phase one of the three-phase project was completed in February 2015 and included the completion of a new $42-million facility, at 235 Wealthy St. SE, known as the West Building.
The West Building is a 270,000 square foot, six-story building and includes 190,000 square feet of occupied space and 80,000 square feet for parking.
The project’s second phase involves the renovation of Mary Free Bed’s existing building, which is in progress now and slated to be completed this fall.
Once phase two is completed, the project will enter its third phase, which involves renovations at Mary Free Bed’s professional building and to the Inn at Mary Free Bed.
The target date for final project completion is 2017.
Mary Free Bed said that once the project is completed, it will be the fifth-largest rehabilitation hospital in the country.
Darrow Goodspeed, major gifts and donor relations director for the Mary Free Bed Rehabilitation Hospital Foundation, said the project enables Mary Free Bed to serve more patients by doubling the number of patient beds from 80 semi-private beds to 167 private beds, allows for additional programming, including the new Betty Bloomer Ford Cancer Rehabilitation Program, adds specialized therapy gyms to patient floors and increases the number of patient and family lodging accommodations.
“The community investment helps to keep Mary Free Bed on the forefront of innovation and excellence in rehabilitative health care in this community,” Goodspeed said.