January 30, 2007

Boca Raton Community Hospital Receives $75 Million Gift From Schmidt Family Foundation

BOCA RATON, Fla., Jan. 30 /PRNewswire/ -- Boca Raton Community Hospital (BRCH) today announced that it has received a $75 million donation from the Schmidt Family Foundation -- the largest gift ever given to a community hospital and the third-largest among all hospitals and health systems in the United States (based upon information from the Advisory Board for the latest year available, 2005). The donation is an important step in realizing the shared vision of The Schmidt Family Foundation, BRCH, Florida Atlantic University (FAU) and the University of Miami Miller School of Medicine (UMMSOM): The Charles E. Schmidt Medical Center will serve as a model of hospital safety and educate a new generation of medical professionals.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070130/NYTU079)

As the first new academic medical center to be established in the United States in nearly a decade, the hospital will address an anticipated nationwide shortage of health care professionals.

"Our family is looking forward to bringing this standard of quality and safety in health care to the very community in which we live and work and to the U.S. community at large," said Richard Schmidt, Chairman of the Board of Trustees of Boca Raton Community Hospital. "Our family firmly believes in local activism that will resonate nationally to benefit as many patients as possible."

A "dream team" of experts led by John Reiling, Ph.D., MHA, MBA, a nationally renowned expert in healthcare safety design, will oversee the planning, design and construction of the new facility. The state-of-the-art hospital, which is expected to be completed in 2011, will feature 530 private patient rooms. The community hospital, known for its medical centers of excellence, will become a standard for hospital safety by improving visibility of patients to staff, standardizing and automating certain tasks and procedures, minimizing physician fatigue and empowering patients' families to participate in patient care. The hospital's design will combine best practices in technology, architecture, academia and patient care to pioneer a new era in hospital safety.

The facility will be located on 38 acres of Florida Atlantic University's Boca Raton Campus. Currently, medical students spend their first two years of training at FAU. The program will now be expanded to a full four-year track, giving students the opportunity to receive a doctor of medicine degree from University of Miami Miller School of Medicine without having to leave the Boca Raton community area.

"This generous gift from the Schmidt Family Foundation is invaluable in helping us break ground on one of the most advanced academic medical facilities in the country, providing the aging population with the biomedical breakthroughs and clinical expertise they need," said Gary Strack, president and CEO of Boca Raton Community Hospital. "The landmark public-private partnership among BRCH, FAU and UMMSOM, paired with such a landmark donation, will bring research investments, job opportunities and national excellence for decades to come."

About the Schmidt Family Foundation

The Schmidt Family Foundation (http://www.schmidtfamilyfoundation.org/) began in the shadows of the Great Depression, when 26-year-old University of Chicago graduate Charles E. Schmidt launched a mail-order tractor-parts business. Tractor Supply Co. grew into a publicly traded company with thousands of employees before merging in 1969 with National Industries.

In 1964, Charles and his family moved to South Florida, where he ran two golf courses and assembled 27 banks into Gulf stream Banks, which he ultimately sold. He also became involved in philanthropy, supporting numerous local educational, arts and health care institutions.

Charles first became involved with Boca Raton Community Hospital in 1974 when he joined the Board of Trustees and continued to serve for 15 years, including one year as Board Chair. In 1976, he and his wife, Dorothy, funded an education center, which today remains an integral part of daily hospital operations, providing classrooms for employee and community training. A quarter of a century after its founding in 1982, the Schmidt Family Foundation continues to carry out Charles' vision for serving the community with the help of the family board which includes Catherine B. Schmidt, Richard L. Schmidt, Barbara M. Schmidt and Raymond J. Webb.

About Boca Raton Community Hospital

Serving the community since 1967, Boca Raton Community Hospital (http://www.brch.com/) has 400 beds and more than 700 primary and specialty physicians with privileges. Areas of expertise include cancer, cardiovascular disease and surgery, geriatrics, minimally invasive surgery, neurological diseases, orthopedics and women's health.

The Christine E. Lynn Heart Institute opened in September 2006, eliminating the need for patients to travel potentially life-threatening distances to receive comprehensive emergency cardiac care. This was the first time in 22 years that a new open-heart program opened in Palm Beach County.

The Eugene M. and Christine E. Lynn Cancer Institute at Boca Raton Community Hospital has been in operation for 28 years and has developed into one of the largest comprehensive cancer centers in Florida. A new 98,000 square-foot cancer center facility is planned to open in 2008. The new comprehensive cancer center will access a complete continuum of care in a setting of clinical excellence providing the latest in diagnosis, research, technologies and treatments under one roof.

About the University of Miami School of Medicine

Serving a community of more than five million people as the only academic medical center in South Florida, the University of Miami (http://www.miami.edu/) Leonard M. Miller School of Medicine has earned international acclaim for research, clinical care and biomedical innovations. Founded in 1952 as Florida's first accredited medical school, the Miller School of Medicine provides the medical staff for the nationally renowned University of Miami/Jackson Memorial Medical Center.

About Florida Atlantic University

Florida Atlantic University (http://www.fau.edu/) opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 26,000 undergraduate and graduate students on seven campuses strategically located along 150 miles of Florida's southeastern coastline. Building on its rich tradition as a teaching university, with a world-class faculty, FAU hosts nine colleges: the Dorothy F. Schmidt College of Arts & Letters, the Charles E. Schmidt College of Biomedical Science, the Charles E. Schmidt College of Science, the Christine E. Lynn College of Nursing, the Harriet L. Wilkes Honors College, the Barry Kaye College of Business and the Colleges of Education, Engineering & Computer Science, and Architecture, Urban & Public Affairs.

   CONTACTS:   Christine Dardet, BRCH   954-636-7162 office   561-866-7922 mobile   [email protected]    Mechal Weiss, Edelman   212-642-7731 office   917-952-4807 mobile   [email protected]  

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070130/NYTU079AP Archive: http://photoarchive.ap.org/AP PhotoExpress Network: PRN8PRN Photo Desk, [email protected]

Boca Raton Community Hospital

CONTACT: Christine Dardet of BRCH, +1-954-636-7162 office,+1-561-866-7922 mobile, [email protected]; or Mechal Weiss of Edelman,+1-212-642-7731 office, +1-917-952-4807 mobile, [email protected]

Web site: http://www.brch.com/http://www.fau.edu/http://www.miami.edu/http://www.schmidtfamilyfoundation.org/