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$15 Million Donation From The Karabots Foundation Enables The Children’s Hospital of Philadelphia to Open a New Pediatric Care Facility in Norristown, Pennsylvania

July 23, 2008

NORRISTOWN, Pa., July 23 /PRNewswire-USNewswire/ — The Children’s Hospital of Philadelphia is delighted to announce a generous $15 million gift that will enable the opening of a new pediatric care center in Norristown, Pennsylvania. This gift, made possible by Athena and Nicholas Karabots of Fort Washington, Pa, is one of the largest in the history of Children’s Hospital and will give Norristown families and families in the nearby communities convenient access to world-class pediatric healthcare. The extraordinary contribution was inspired by the couple’s deep desire to help provide better access to high quality medical resources to the needy children in these communities.

“I have always felt strongly that all children, especially those living under difficult circumstances, deserve the opportunity to live a healthy and productive life,” said Nicholas Karabots. “To do this, they need to have access to good healthcare services. My wife and I are delighted to be able to support the creation of this facility that will help so many in need. The Norristown area is revitalizing and will benefit enormously with the opening of the center.”

“We are delighted and most grateful to the Karabots family for this generous donation. The Karabots Pediatric Care Center will allow Children’s Hospital to make a tremendous difference in the Norristown and other needy Montgomery County communities,” said Steven M. Altschuler, MD, president and chief executive officer, The Children’s Hospital of Philadelphia. “The continued growth of The Children’s Hospital of Philadelphia healthcare network, which now spans three states, has been in response to increasing need and demand for the services we provide to children and families. This expansion is part of our ongoing quest to provide excellent healthcare services to sick children, especially in areas that are not currently served.”

While plans are still in the very early stages, The Karabots Pediatric Care Center will be located in the heart of downtown Norristown. Located conveniently near public transportation, it will contain state of the art clinical areas where children can receive primary pediatric care. The center will also provide families access to Children’s Hospital’s community programs such as Reach out and Read and the Homeless Health Initiative as well as drug and substance abuse education, school readiness programs and child abuse and neglect prevention.

A former shoe-shine boy from the South Bronx in New York City, Nicholas Karabots rose to prominence in the printing and publishing business. Today, he is Chairman of the Spartan Organization, Inc. and its family of companies, which includes Kappa Publishing Group, Inc., the largest publisher of puzzle magazines in the nation. Together with his wife and children, the Karabots family is well-known for their philanthropy, having previously made major contributions to create the Karabots Center for MRI Diagnostics at Montgomery Hospital given that hospital’s efforts within Norristown and have, in addition, given to other causes elsewhere that focus on youth and the inner cities. The Karabots’ foundation was, as well, a major contributor to the Philadelphia Museum of Art, an institution that also concentrates on its youth programs, in that museum’s efforts to retain the Gross Clinic painting in Philadelphia.

About The Children’s Hospital of Philadelphia: The Children’s Hospital of Philadelphia was founded in 1855 as the nation’s first pediatric hospital. Through its long-standing commitment to providing exceptional patient care, training new generations of pediatric healthcare professionals and pioneering major research initiatives, Children’s Hospital has fostered many discoveries that have benefited children worldwide. Its pediatric research program is among the largest in the country, ranking third in National Institutes of Health funding. In addition, its unique family-centered care and public service programs have brought the 430-bed hospital recognition as a leading advocate for children and adolescents. For more information, visit http://www.chop.edu/.

   Contact:   Ashley Moore   Phone: (267) 426-6071   moorea1@email.chop.edu  

The Children’s Hospital of Philadelphia

CONTACT: Ashley Moore of The Children’s Hospital of Philadelphia,+1-267-426-6071, moorea1@email.chop.edu

Web Site: http://www.chop.edu/




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