$25.5 Million from Moody Foundation for New University of Texas Hospital

credit: CREATIVE COMMONS / FLICKR / TAX CREDITS

The Moody Foundation has committed $25.5-million to the University of Texas Medical Branch for research and hospital construction.

The planned Jennie Sealy Hospital in Galveston is slated to open in 2016. The bulk of the donation, $16.5-million, will go toward building and equipping the institution's intensive-care unit, and the remainder supporting the school's research programs.

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